Replies to post #13292 on Market Sense and Sentiment (MKTSS)

[bbgold]

Is the FTSE leading the way?
I would not be surprised to see this downtrending pattern perhaps carry over to the Markets. We just need to remember to Trade based on what the Markets Are doing though rather than FTSE speculation.
Enjoy the Day Bernard! :^)

[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 slightly red. FTSE gapped up, but trading at LOD now. TNX gapped up, but now trading flat. The market looks a bit bearish at the moment. The testing signal expects a green futures, not sure if we have it or not. It gives no suggestion to today's trading. The Plan is bullish, so I will assume it wants to test 8550, then sell off again. As I said, indicators are bullish, but the overhead resistance is huge, so it's shaky lately.

Mich Sentiment-Rev. will come out today at 9:45, it will move the market, but I have no idea where it will go this time, a sell off will be nice. Existing Home Sales and New Home Sales will come out at 10:00.

INDU's 5 day MACD support at -45, resistance at +45. I'm neutral today.

INDU should have a trading range between 8400 and 8550.
NDX should have a trading range between 1090 and 1120.
SPX should have a trading range between 905 and 920.
A tighter range from yesterday JMHO.