S&P 500 proceeded without looking back, and the improvement in advance-decline line approaching 2000 is but one illustration. Having counted on some modest momentum continuation, I‘m glad I brought you fifth profitable intraday ES call in a row.

Today‘s analysis will be very brief, and I would cover stocks and other markets too on Twitter live, before and throughout FOMC.

Keep enjoying the lively Twitter feed via keeping my tab open at all times (notifications on aren’t enough) – combine with Telegram that always delivers my extra intraday calls (head off to Twitter to talk to me there), but getting the key daily analytics right into your mailbox is the bedrock.
So, make sure you‘re signed up for the free newsletter and make use of both Twitter and Telegram – benefit and find out why I’m the most blocked market analyst and trader on Twitter.

Let‘s move right into the charts (all courtesy of www.stockcharts.com) – today‘s full scale article contains 2 of them.
 

S&P 500 and Nasdaq Outlook

With PPI underperforming, the bets on Jun no hike Fed got clearer than after yesterday‘s CPI. Backing and filling around 4,410 in Sep ES contract is most likely – I‘ll keep updating you live on the moves throughout the day.

Yesterday‘s market breadth wasn‘t starkly improving, but should tech hold up positively today, further step-by-step improvement is likely.

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