Replies to post #12494 on Market Sense and Sentiment (MKTSS)

[bbgold]

Futures Watch
Mini Dow was at 8250 just before premarket but has been declining ever since. Support trying to come in near 8180, near SMA support. S&P overnight high was near 880 and has currently retraced near 865, near SMA Support. TNX is trading near a LOD type crossover and also near Support. We will just have to watch and see if this Support will Hold or Not, Still no Negative crossunder of the SMAs with them as Resistance for a Short Puts signal :^)
http://www.indexpulse.com/15min.html

[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 green, just had a pull back from the high. TNX is trading at HOD. It's a bullish scenario out there. My testing signal suggests that we should definitely fade this gap in the morning. However, due to the possibility of more delta hedging, I think we should cover the short in that tankage. Should be a nice one, honestly, if there is not a possibility that US will declare victory... I will treat this as an exhaustion gap. After the gap fading, I really have no clue where this will go, so I put it as flat, as today is the quadruple witch Friday.

No economic number will come out during the trading day.

INDU's 5 day MACD support at -15, resistance at +75. I think we should cover the gap fading action at or close to support.

INDU should have a trading range between 8200 and 8400.
NDX should have a trading range between 1070 and 1100.
SPX should have a trading range between 865 and 900.
JMHO.