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Daily Technical Analysis Market Report Market Summary The ES1 Index (Generic 1st Month S&P 500 E-mini) gained 83bps during Friday’s session, closing at 6887, well off the 6820 low. Momentum and trend indicators improved with price. My Spot VIX and VIX Term Structure signals remain “risk on”
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Daily Technical Analysis Market Report Market Summary The ES1 Index (Generic 1st Month S&P 500 E-mini) gained 77bps during yesterday’s session, closing at 6830. The index broke back above the 6862 resistance level on an intra-day basis, hitting a high of 6872 but faded into the close
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Daily Technical Analysis Market Report Market Summary The ES1 Index (Generic 1st Month S&P 500 E-mini) lost 1.13% during yesterday’s session, closing near the low at 6778. Momentum and trend indicators continued to degrade as the 6862 and 50dma (ref 6847) support levels broke. My Spot
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Daily Technical Analysis Market Report Market Summary The ES1 Index (Generic 1st Month S&P 500 E-mini) lost 36bps, closing at 6856. The session was more damaging than expected. Momentum and trend indicators degraded further as the index broke the 50dma (ref 6848) on an intra-day basis, hitting a
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Daily Technical Analysis Market Report Market Summary The ES1 Index (Generic 1st Month S&P 500 E-mini) lost 14bps yesterday, closing at 6881. Price action was negative. The early session high (ref 6932) faded hard heading into the cash close, testing and holding support at 6862 with a low
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Daily Technical Analysis Market Report Market Summary The ES1 Index (Generic 1st Month S&P 500 E-mini) lost 1.09% during Friday’s session, testing the Dec 1 low (ref 6862) with a low of 6864 and a closing print of 6890. Momentum and trend indicators faded with price.
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Daily Technical Analysis Market Report Market Summary The ES1 Index (Generic 1st Month S&P 500 E-mini) gained 24bps during yesterday’s session, closing at a record 6966.50. This record close came after an overnight low down over 1% at 6875. This was a massive stick with a
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Daily Technical Analysis Market Report Market Summary The ES1 Index (Generic 1st Month S&P 500 E-mini) gained 63bps during yesterday’s session, closing at 6950. The index was volatile with a wide high/low range of 6966/6889. I would note once again that the index failed at
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Daily Technical Analysis Market Report Market Summary The ES1 Index (Generic 1st Month S&P 500 E-mini) lost 34bps yesterday, closing at 6913. On the session, the index faded our 6959-resistance level (Nov 12 and Dec 5 highs), broke and closed below our previously highlighted near-term support level at
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Daily Technical Analysis Market Report Market Summary The ES1 Index (Generic 1st Month S&P 500 E-mini) gained 17bps during Friday’s session, closing at 6937. This closing tick came well below the session high (ref 6963) and well above the previously identified 6920 resistance level. I would note
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Daily Technical Analysis Market Report Market Summary The ES1 Index (Generic 1st Month S&P 500 E-mini) gained a modest 7bps yesterday, closing at 6925. The index again had a wide high/low range of 6939/6895 (~60bps). The 6920 level remains a focus. As I wrote yesterday, “I
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Daily Technical Analysis Market Report Market Summary The ES1 Index (Generic 1st Month S&P 500 E-mini) gained 35bps during yesterday’s session, hitting an intra-day high of 6931 and closing at 6922. I continue to see 6920 as a pivot point for the index with the last four