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S&P 500 Market Surveillance 4.11.14

Market Recap


Over the past month the S&P 500 Index futures market has been going through a mild reaction since rallying to record highs earlier this year. 1,297 more words


At Resistance Here ...

5:00pm eastern

Price continued its push higher into resistance here today …

S&P 500 Index 130-Minute Chart

As I have posted about earlier, I think that the first leg down in the daily chart’s potential 3-wave structure was completed this past Friday.  389 more words

Market Outlook

Entering the SLOT ...

5:20pm eastern

So no one wanted to buy the markets as they moved into support late last week … now they are beginning to clamor over each other to buy the market as we push into the first level of resistance.  853 more words

Market Outlook

Market outlook for 17/04/2014

Nifty closed down 57.80 points (0.86%) at 6675.30 while Nifty Future closed at 6697.30, premium of 22.00 points.
Bank Nifty closed down 16.75 points (0.13%) at 12563.15 while Future closed at 12603.85, premium of 40.70 points. 201 more words

Market Outlook

That's How My Dog Candi Must Feel When Chasing Her Tail ...

5:14pm eastern

The market today had retail traders chasing their tails … the break above yesterday and Friday’s highs led me to believe that the market was going to push higher all day and traders were going to be in chase mode all day.  1,113 more words

Market Outlook

Market outlook for 16/04/2014

Nifty closed down 43.20 points (0.64%) at 6733.10 while Nifty Future closed at 6753.95, premium of 20.85 points.
Bank Nifty closed down 260.30 points (2.03%) at 12579.90 while Future closed at 12616.70, premium of 36.80 points. 182 more words

Market Outlook

So Far, So Good ...

6:43pm eastern

So as I explained in my post from yesterday, I think that the 1815.28 level on the S&P 500 (intersection of the 1.618x “ABC” extension target and the lower trend line of a broadening triangle pattern) and the 3436.14 level on the NASDQ 100 (1.618x Wave 3 extension target) will turn out to be interim support levels that allow markets to trade higher into expected resistance. 263 more words

Market Outlook