Market Sense and Sentiment

[Bernard Ng]

IndexPulse TrendWatch for Friday

Overall Market:
Long Term: Short
Medium Term: Long
Short Term: Flat

Time Frame and Trading Signals: as stated in iBox

Futures are green. FTSE is trading at HOD. TNX gapped and trading at HOD, but formed a HOD signal. It's a bullish scenario out there. My testing signal suggests that we should fade this gap, but gotta cover it quickly. We are bullish above 320SMA and daily basis. I expect a flat day before noon. Don't have any idea what will happen in the afternoon, due to Friday, no one knows what to expect from the war.

No number will come out during the trading day.

INDU's 5 day MACD support at -60, resistance at +80. The last crossover got sold off, but the coming one should be good.

INDU should have a trading range between 8250 and 8500.
NDX should have a trading range between 1050 and 1100.
SPX should have a trading range between 875 and 895.
still aiming for a run JMHO.