The Closing Print live trading and financial blog during market hours.

Futures are flat again this morning, trading in a range , roughly between 3400 and 3500. There is little change in institutions positioning or sentiment going into the US Presidential Election. A move above 3500 or below 3400 would give us a trend in that respective direction. For now, S&P500 futures are range-bound.

S&P500 Futures – Range-Bound

A break above 3470 is bullish to 3500. Range lows are 3418 ~ 3410.

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TICK cumulative is bullish on the 60min time frame. A higher low printed on Tuesday compared to last Thursday.

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A higher-high accompanied by a move above 3470 would confirm a bullish follow-through. Until then institutional sentiment is neutral to slightly bullish. That said, we anticipate this range to stick. 3400 – 3500.

Wednesday’s *Imp. 1 Day Move: 1.15%, 39.0 pts Range: 3413.0 | 3491.0

Join us today in the trading room for our LIVESTREAM broadcast during market hours, as we navigate the current environment. Watch, listen, and trade from 9:20 AM to 4:15 PM Monday through Friday.

Happy Trading, 

Vinny

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*implied move and range courtesy spotgamma.com

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*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities. 

As always, the use of technical and fundamental analysis is encouraged in order to fine-tune entry and exit points to average seasonal trends. 

These mentions are stocks that we may or may not decide to trade as outlined in the watchlist. Always use a stop.

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