+++++++++++++ S&P FUTURES ++++++++++++
VEA MARKET REPORT: SEPT. E-Mini S&P 500 Futures (ES)
Always Released before 8 am ET. (For Today’s Economic News: http://mam.econoday.com/ )
Weekly SPY Options (SPDR S&P 500 ETF TRUST): JULY 14-2017
DAILY AXE ======== R = 2440.00 S = 2424.50
WEEKLY AXE ====== R = 2435.50 S = 2410.50
MONTHLY AXE ===== R = 2438.00 S = 2388.25
QUARTERLY AXE === R = 2485.75 S = 2325.75
Look for Bulls to have control ABOVE 2440.00
Look for Bears to have control BELOW 2440.00
DAILY (1440min) EXHAUST ====== None
HC CHART (50K) EXHAUST ======= R = 2455.00
FC CHART (10K) EXHAUST ====== = R = 2448.50
Today we say,
Daily is exhausting with intra-day showing signs of exhausts also. Let’s see if Daily EB termination will hold as R and if we can lose the Daily C wave up below 34.50?
BEST BET: Below 2440.00 we flush to 24.25-34.50? Above we pop to 48.50?
Yesterday we said,
Daily is pushing up from 2422.50, but we need to take out 29.50 or risk flushing back down?
BEST BET: Below 2429.00 we flush to 11.75-22.50? Above we pop to 32.75-34.50?