Heads-Up Trading 11th May 2023

Daily Market Overview 11th May 2023

 

US Equity Index Futures are trading higher with the NQ up .28%, the ES up .23%, the RTY up .16%, and the YM up .01%.

 

NQM23 is trading inside Wednesday’s range of 13446.75 to 13202.75.

Daily trend is up with the key swing low at 12800.00.  No swing high has developed as of this writing.

240 minute is up with the key low at 13202.75.  No swing high has developed as of this writing.  

 

ESM23 is trading inside Wednesday’s range of 4173.25 to 4112.25.

Daily Trend is sideways with the key swing high at 4244.00 and key swing low at 3822.00.

240 minute trend is sideways with the key swing high at 4206.25 and swing low at 4068.75.

 

RTYM23 is trading inside Wednesday’s range of 1786.80 to 1747.00.

Daily Trend is down with the key swing high at 1954.60 and swing low at 1703.00.

240 minute trend is down with the key swing high at 1778.90 and swing low at 1707.90.

 

YMM23 is trading inside Wednesday’s range of 33854 to 33297.

Daily Trend down terminated with the with the key swing low at 31640 and swing high at 34275.

240 minute trend is down with the key swing high at 34363 and swing low at 33004.

 

Treasury Futures are trading mixed with the 30 Yr. up .22% and the 10 Yr. unchanged at  0.00%.

                                                                                                                                      

USM23/ZBM23 is trading above Wednesday’s range of 130 29/32 to 129 19/32.

Daily trend up terminated with the key swing high at 134 16/32 and swing low at 122 22/32.

240 minute trend is sideways with the key swing low at 129 6/32 and swing high at 134 14/32.

 

TYM23/ZNM23 is trading inside Wednesday’s range of 115’31.0 to 115’02.5.

Daily trend up terminated with the key swing high at 116’28.5 and key swing low at 110’12.5.

240 minute trend is sideways with the key swing low at 113’26.0 and swing high at 117’01.5.

 

Currency Futures are trading lower with the Euro down .51%, the Yen down .35%, and the Pound down .35%.

 

ECM23/6EM23 is trading below Wednesday’s range of 1.10320 to 1.09665.  

Daily trend is sideways with the key swing high at 1.11105 and swing low at 1.05805.

240 minute trend is up with the key swing low at 1.09470 and swing high at 1.11290.

                                                

JYM23/6JM23 is trading inside Wednesday’s range of .75015 to .74265.

Daily trend is down with the key swing high at .78110 and swing low at .73055.

240 minute trend is down with the key swing high at .75790 and swing low at .73055.

 

BPM23/6BM23 is trading below Wednesday’s range of 1.2692 to 1.2615.

Daily trend is up with the key swing low at 1.2370.  No swing high has developed as of this writing.

240 minute trend is up with the key swing low at 1.2534 and swing high at 1.2682.

 

Commodity Futures are trading mixed with Gold down .17% and Crude Oil up .52%.

                                                                                                                              

GCM23 is trading inside Wednesday’s range of 2056.0 to 2028.3.

Daily trend is up with the key swing low at 1953.7 and swing high at 2063.4.

240 minute trend up terminated with the key swing low at 1980.9 and swing high at 2063.4.

 

CLM23 is trading inside Wednesday’s range of 73.89 to 71.80.

Daily trend down terminated with the key swing low at 64.58 and swing high at 83.38.

240 minute trend is down with the key swing high at 76.92 and swing low at 63.64.

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