Existing Home Sales at 1000ET
3,6-Month Bill Auctions at 1300ET
One of the things that I like to look at is the $TRIN Pivot ((High+Low+Close)/3) relative to the Futures sentiment. If the ES futures close above the 0930 ET open, it is a bullish day and bearish day if close is below 0930 ET open. If the $TRIN is signifantly above the previous day's pivot, the futures typically have a bearish day, and vice versa for a bullish day. Not an absolutely perfect indicator, but a good one to follow.
The S&P500 Index is back at resistance. Friday was also an inside day relative to Thursday.
Overnight action made a higher high on low volume.
Watch the open of the $TRIN, and use NYSE Advance - Decline Line with market structure as confirmations of market sentiment.
Charles
No comments:
Post a Comment