traderdan59

Bulls and Bears zone for 07-16-2109

SP:SPX   Indice S&P 500
Last four days market has been rallying and volume has been decreasing. In addition, yesterdays daily bar looks like a spindle.
Overnight session, market has been in a trading range. If market cannot take out yesterdays RTH 50% range, we might see a sell off.
Levels to watch 3017----3015
Few reports that could impact the market:

US:Business Inventories
10:00 AM ET

US:Housing Market Index
10:00 AM ET

US:Jerome Powell Speaks
1:00 PM ET

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