Futures are essentially flat ahead of tomorrow’s important CPI print.
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Tag: Channel
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Charts I’m Watching: Nov 16, 2023
Futures have been pegged at the same breakout level for the past 48 hours now…
…as WTI has now reached our 74.25 target from August.
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Charts I’m Watching: Nov 8, 2023
VIX and the 10Y have both reached key chart pattern support.
It’s a little early for a sprint to the barn. Will the algos take a breather?continued for members… (more…)
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Charts I’m Watching: Nov 2, 2023
SPX and ES got all the way up to their SMA200s – the most significant overhead resistance – on yesterday’s vol collapse. Last night, an additional 4% smackdown in VIX put ES over its SMA200.
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FOMC Decision: Nov 1, 2023
Futures have bounced back from moderate overnight losses in advance of this afternoon’s FOMC decision.
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Charts I’m Watching: Oct 24, 2023
Futures are up moderately on positive earnings reports from several key equities.
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Charts I’m Watching: Oct 23, 2023
Futures have dropped through our 200-day moving average target – a significant move that opens the door to a more important backtest.
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Powell Speaks
Futures have bounced back from overnight lows in advance of Jay Powell’s comments at 12pm ET at the Economic Club of NY.
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Mideast Worries Mount
Escalating carnage in the Middle East points to a protracted and increasingly complex set of circumstances for markets, with oil prices and currencies confused as to how to respond. Futures are off moderately this morning, supporting our notion that a 200-DMA tag is still in the cards.
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Charts I’m Watching: Oct 17, 2023
Futures are off moderately, backtesting the recently broken channel after much stronger than expected retail sales.
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