www.varchev.com

US Session: Caution and retention of trade in the weekly range, before tomorrow’s CPI /15:30/.

Mixed presentation of US futures before the start of the stock market session on Wall Street – caution ahead of tomorrow’s CPI release /Wednesday 15:30/
-At 3:30 p.m. the PPI data from the US came out, and the bigger-than-expected increase on a monthly basis sent the SP500 sharply lower to the $5,200 level – a momentary market noise that was subsequently neutralized. The revision to the previous PPI release showed a smaller than initial year-on-year rise, which ended up supporting sentiment despite the acceleration on a monthly basis.

Caution among traders in Europe, with mixed index performance and narrowed trading range.
-Wall Street traders are also in stand-by mode ahead of the consumer inflation data, which could keep the SP500 trading in the narrowed weekly range well into today’s session.

Before the start of the trading session, futures are traded as:
SP500 down 0.03%
Nasdaq down 0.15%
Dow gains 0.05%
Russell 2000 gains 0.86%
*The gains in the Russell 2000 are not due to a greatly increased risk appetite for small caps, but to the huge volatility of some meme stocks.

No significant economic releases from the US are expected for the remainder of the session, with traders focusing on Powell’s /Fed/ statement at 5:00 p.m. shortly after the start of the session.

THE TECHNICAL PICTURE – SP500 – DAILY CHART
-Long Trend
-DeMarker Oscillator with reverse in neutral
-Sequential with ascending printing at 8 o’clock
-A spike to 5,200 indicates a lack of selling interest, suggesting a hold on trading in the $5,230/$5,200 range for today’s session as well.

This image has an empty alt attribute; its file name is image-271.png

 Head Dealer Alexander Alexandrov

Login to comment

* Rough, sarcastic and ironic language is not allowed. For such Admins Delete without notice.

Leave a Reply

Comments:

Leave a comment

Varchev Absolute Trader

борсова платформа

  • Търгувай над 3000 финансови инструмента: Crypto, Форекс, Акции, Индекси, Суровини, ETF-и
  • Използвай платформа с директно изпращане ордерите на борсите
  • Best Trading Platform - "Online Personal Wealth Awards" EU награждава Varchev Absolute Trader
  • Cloud base платформа - твоят трейдинг сетъп на всяко устройство
  • Traders Talk - чуй какво движи пазарите в реално време
  • Market Sentiment - търгувай с настроенията на инвестиционите банки
  • Top movers - най-горещите трейдове във всеки един момент
  • Stocks scanner - филтрирай най-подходящите за твоя трейдинг стил пазарни инструменти
  • Heat map - Търгувай в посоката на големите играчи


Read more:
RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance
chat with dealer
CALL NOW
?>