Notice: To view this week's big picture outlook, click here. What Happened: As earnings season kicks into gear, alongside a resurgence in COVID-19 across Europe, U.S. index futures auctioned into the developing balance-area low. What Does It Mean: The S&P 500, after consolidating near the $3,800 high-open interest strike, is testing the extremes of balance, the bracket of overlapping value areas in the days prior, as participants position themselves for directional resolve.
Market Commentary For 1/15/2021
Market Commentary For 1/15/2021
Market Commentary For 1/15/2021
Notice: To view this week's big picture outlook, click here. What Happened: As earnings season kicks into gear, alongside a resurgence in COVID-19 across Europe, U.S. index futures auctioned into the developing balance-area low. What Does It Mean: The S&P 500, after consolidating near the $3,800 high-open interest strike, is testing the extremes of balance, the bracket of overlapping value areas in the days prior, as participants position themselves for directional resolve.