Tag "trading setups"

S&P 500 Futures Trading Outlook For March 29

March 29, 2017 – S&P 500 (INDEXSP:.INX) Trading Considerations Higher lows yesterday set the table for another rally into upside resistance. Momentum is mixed so traders will need to be patient for setups. See key futures trading levels below.   S&P 500 Futures (ES) Higher lows as expected yesterday gave…

Russell 2000 Rally Prospects: Levels, Flows, & Short Interest

Determined not to let go of nearly four-month support, small-cap bulls once again stepped up to the plate Monday – sending the Russell 2000 Index (INDEXRUSSELL:RUT) higher. From down 1.4 percent intraday to close the session up 0.2 percent, the Russell 2000 small cap index initially got pushed under the…

S&P 500 Futures Trading Outlook For March 27

Stock Market Futures Considerations March 27, 2017 We begin the morning testing very important support levels of support. If lost, the S&P 500 Index (INDEXSP:.INX) could make a 100% retracement into the breakout area of February 9, 2017.  Check out today’s economic calendar with a full rundown of releases.  And note that the charts…

Crude Oil Likely To Rally Before Heading Lower Once More

Where Is Crude Oil Headed? West Texas Crude Oil (WTI) is currently sitting near $47.85/barrel, and continues to waffle around its 200-day average near $48.75.  I took some profits on my “short” crude oil position (via the short crude oil ETF, NYSEARCA:SCO) as I’m still looking for a bounce toward…

S&P 500 Chart Update: Price Targets For This Pullback

Well, investors finally received a pullback across the broader stock market indices. It’s still too early to tell how deep the decline will run, but for now the indices are pausing/holding near key short-term support. The S&P 500 Index (INDEXSP:.INX) is trading around 3 percent off its highs but some headwinds remain……

S&P 500 Futures Trading Outlook For March 22

Stock Market Considerations For March 22, 2017 Momentum selling aggravated a move downward below key weekly support levels. The S&P 500 (INDEXSP:.INX) is trying to bounce… Check the support levels in the commentary below and on the charts. Check out today’s economic calendar with a full rundown of releases. Note that the charts below…

Stock Market Futures Trading Outlook For March 21

Stock Market Considerations For March 21, 2017 Stocks look poised to rise today but traders will need to keep an eye on overhead resistance. Key technical support levels continue to find buyers… bulls want this to hold through the week and see follow through higher.  Check out today’s economic calendar with a full rundown of…

S&P 500 Futures Trading Outlook For March 20

Stock Market Futures Considerations For March 20, 2017 The S&P 500 (INDEXSP:.INX) is bouncing off support and looks to consolidate at higher prices. As for commodities, crude oil is rangebound while the buy rating on Gold last week from GS holds the precious metals higher but into consolidation. Check out today’s economic…

S&P 500 Futures Trading Outlook For March 17

Stock Market futures Considerations For March 17, 2017 I am looking at 5440.75 on Nasdaq futures being a temporary high for now as we consolidate at higher lows.  The move that spiked gold with the charts may have been a stop running move as volume there was a bit lower,…