The SPX climbed into the close after a weak morning brought down by financials. Below is a 15 min chart of the SPX and you can see there are a few different things going on. We have two descending trendlines, one acting as support and one as resistance. We also have an ascending trendline acting [...]

The emini s&p futures today were down significantly closing near the lows of the session, and breaking down out of the wedge we saw yesterday. Today we would like to point out the extreme low level of around -2700 on breadth (advn-decn) we saw. This is only the 7th time all year we have seen [...]

The emini s&p futures opened higher but fell into the close as the dollar and bond yields rose. Gold, silver, and oil also drifted lower as the day went on. Traders are keeping a close eye on bond yields as they have begun to creep higher despite the start of QE2. This week, traders will [...]

Today the emini s&p futures were slightly lower following the nasdaq after disappointing earnings from Cisco. There are a few levels that we are currently watching that are reacting very well. Below is a 15 min chart of the emini s&p futures over the past week. The 1225 level on top we have talked about [...]

The emini s&p futures had a nice midday reversal after hitting a new high of 1224.75. The rise in the dollar and fall in gold and silver had investors taking profits in the equity markets. Today our resistance of 1225 held up nicely and the of 1119 pivot we talked about yesterday was in play [...]

The emini s&p futures today were down slightly in a mixed trading day that was absent of economic data. With little to give the markets direction, the emini s&p futures seemed to use 1219 as a pivot. The dollar was up along with gold and other commodities, giving some the belief that the inverse correlation [...]

The emini s&p futures were up again on Friday despite the dollar rising as well. A pop in financials, oil, and gold helped the s&p close at another new high. You can see in the 15 min chart below that over the past couple weeks the futures for the most part have been trading in [...]

Today the S&P had a big rally (in a addition to all other risky assets) to close at new 2 year highs. News of the Fed’s QE2 program (and now QE3 and 4) was the reason for the big moves. The word around the markets seems to be that the Fed will do whatever it takes [...]

The emini s&p futures are up during this slow trading day, as all eyes are on election results today and the Fed tomorrow. Right now, 1193 is an important resistance level. Anything above that could bring some bears to cover shorts pushing the market up toward 1200. Other risky assets are on the rise as [...]

Today the emini s&p futures closed slightly positive after reaching as high as 1193 intraday. More dollar weakness and a rise in commodities helped lift the s&p. Price action this week should be affected by earnings as about one third of the s&p 500 report. Below is an hourly chart over the past six weeks. [...]