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Read the latest insights into the S&P 500 and Stocks.
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ES Weekend Feb 23
Seasonality did you say. COVID 2.0? If we go by the seasonality chart, it did not disappoint with Feb 19 marking the top last week. In addition, this so far, would be a look above and fail of balance. Buyers held the 6108 area on Thursday, but failed to continue
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ES Weekend Feb 16
Hot CPI/PPI, miss Retail Sales be damned, we going to the moon Alice! Monday is a holiday for RTH. With Friday being a tight consolidation, we want to observe if buyers can indeed maintain the trend established from Thursday. Value was moved higher in the buyers favor which makes it
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ES Weekend Prep Dec 22
Last week saw major liquidation with late longs going into FOMC. Thursday was an inside day followed by weakness in the overnight session going to into PCE Friday morning. Going into this week will use Friday’s range as a guide. Friday’s low during RTH 5898.50 as the halfback of
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ES Weekend 12/8
We continue OTFU on the weekly and daily. I want to be slightly cautious above here, not because it’s bearish, but simply because we’re above a 2 sigma deviation (SPX 6073) of the YTD vwap (SPX 5405). In the past, price has whipsawed at this deviation up to the 2.5.