** Preparation for Morning Session**
MARKET CONDITIONSWorld Markets News: Asian markets finished broadly higher today with shares in Hong Kong leading the region. European markets are mixed today. Holidays in Canada, Norway, Switzerland
Economic Calendar
SPY - Last week market tested the 166.50 level, which was the target level for this up move. At friday´s close, it broke above this potential resistance. The question today is: will it hold above or come back bellow 166.50. If it can hold above, up move is likely to continue. I believe that a consolidation or a pull back to the bottom of the up channel would be healthy, so this is what I´d like to see, but market seems to want to continue higher. 167.00 is the resistance for today. Supports at 166.50 / 165.50. The bearish bias only if breaks down the up channel.
Bias: Neutral bullish
Accuracy: 50%
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Updated at 8:00
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Read this before using the information provided in this page:
1.Educational purpose material only. Use this information at your own risk.2.Stocks may be added to the selection sheet at any time. They are used as a guide to select which stocks I will trade and set alerts . It does not mean that I follow all of them, that would be crazy.3.The Accuracy information is for my own use only. It is reviewed after I am done trading. This is just a way for me to measure how is my reading of the market and my confidence in it. I suggest you develop your own way to do this.4.The morning sheet will be updated between 8:00 and 9:00
1.Educational purpose material only. Use this information at your own risk.2.Stocks may be added to the selection sheet at any time. They are used as a guide to select which stocks I will trade and set alerts . It does not mean that I follow all of them, that would be crazy.3.The Accuracy information is for my own use only. It is reviewed after I am done trading. This is just a way for me to measure how is my reading of the market and my confidence in it. I suggest you develop your own way to do this.4.The morning sheet will be updated between 8:00 and 9:00
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