Heads-Up Trading 2nd May 2023

Daily Market Overview uploaded 2/5/2023

 

US Equity Index Futures are trading mixed with the NQ up .03%, the ES down .12%, the RTY down .45%, and the YM down .16%.

 

NQM23 is trading inside Monday’s range of 13370.25 to 13258.75.

Daily trend is up with the key swing low at 11806.25 and swing high at 13348.75.

240 minute is up with the key swing low at 13169.00.  No swing high has developed as of this writing.

 

ESM23 is trading inside Monday’s range of 4206.25 to 4178.50.

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 4198.25 and swing low at 4068.75.

 

RTYM23 is trading inside Monday’s range of 1796.50 to 1768.80.

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 1825.50 and swing low at 1733.00.

 

YMM23 is trading inside Monday’s range of 34363 to 34106.

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

240 minute trend is sideways with the key swing high at 34275 and swing low at 33347.

 

Treasury Futures are trading higher with the 30 Yr. up .41% and the 10 Yr. up .25%.

                                                                                                                                      

USM23/ZBM23 is trading inside Monday’s range of 131 26/32 to 129 2/32.

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 Monday’s range of 115’13.5 to 114’10.0.

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 mixed with the Euro down .01%, the Yen up .12%, and the Pound down .05%.

 

ECM23/6EM23 is trading inside Monday’s range of 1.10665 to 1.09950.  

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 Monday’s range of .73925 to .73185.

Daily trend is down with the key swing high at .78110.  No swing low has developed as of this writing.

240 minute trend is down with the key swing high at .75790.  No swing low has developed as of this writing.

 

BPM23/6BM23 is trading inside Monday’s range of 1.2597 to 1.2493.

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 sideways with the key swing low at 1.2401 and swing high at 1.2599.

 

Commodity Futures are trading mixed with Gold up .31% and Crude Oil down .57%.

                                                                                                                              

GCM23 is trading inside Monday’s range of 2015.4 to 1985.7.

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 Monday’s range of 76.69 to 74.53.

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 79.18 and swing low at 73.93.

 

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