Daily Market Overview 23rd May 2023
US Equity Index Futures are trading mixed with the NQ down .09%, the ES down .08%, the RTY up .14%, and the YM down .10%.
NQM23 is trading inside Monday’s range of 13946.75 to 13794.25.
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 swing low at 13310.50 and swing high at 13960.25.
ESM23 is trading inside Monday’s range of 4221.75 to 4186.50.
Daily Trend is sideways with the key swing high at 4244.00 and key swing low at 3822.00.
240 minute trend is up with the key swing low at 4111.75 and swing high at 4227.25.
RTYM23 is trading inside Monday’s range of 1808.60 to 1769.40.
Daily Trend is down with the key swing high at 1954.60 and swing low at 1703.00.
240 minute trend is up with the key swing low at 1769.40 and swing high at 1811.80.
YMM23 is trading inside Monday’s range of 33587 to 33273.
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 lower with the 30 Yr. down .32% and the 10 Yr. down .23%.
USM23/ZBM23 is trading below Monday’s range of 127 24/32 to 126 20/32.
Daily trend up terminated with the key swing high at 134 16/32 and swing low at 122 22/32.
240 minute trend is down with the key swing high at 132 8/32. No swing low has developed as of this writing.
TYM23/ZNM23 is trading below Monday’s range of 113’30.0 to 113’10.5.
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 down with the key swing high at 116’16.0. No swing low has developed as of this writing.
Currency Futures are trading mixed with the Euro down .39%, the Yen up .03%, and the Pound down .47%.
ECM23/6EM23 is trading below Monday’s range of 1.08485 to 1.08130.
Daily trend is sideways with the key swing high at 1.11105 and swing low at 1.05805.
240 minute trend is down with the key swing high at 1.08700 and swing low at 1.07780.
JYM23/6JM23 is trading inside Monday’s range of .73040 to .72405.
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 .73080. No swing low has developed as of this writing.
BPM23/6BM23 is trading below Monday’s range of 1.2479 to 1.2421.
Daily trend is up with the key swing low at 1.2370 and swing high at 1.2692.
240 minute trend is down with the key swing high at 1.2492. No swing low has developed as of this writing.
15 minute supply is now 1.2467-1.2479 and 1.2508-1.2519.
15 minute demand remains unchanged at 1.2377-1.2370 and 1.2304-1.2293.
Commodity Futures are trading mixed with Gold down .91% and Crude Oil up .80%.
GCM23 is trading below Monday’s range of 1984.8 to 1970.7.
Daily trend is up with the key swing low at 1953.7 and swing high at 2063.4.
240 minute trend is down with the key swing high at 2027.8 and swing low at 1954.4.
CLN23 is trading above Monday’s range of 72.53 to 70.67.
Daily trend down terminated with the key swing low at 64.67 and swing high at 82.91.
240 minute trend is down with the key swing high at 76.74 and swing low at 63.90.