Daily Market Overview 5th May 2023
US Equity Index Futures are trading mixed with the NQ up .17%, the ES down .13%, the RTY down .66%, and the YM down .11%.
NQM23 is trading inside Wednesday’s range of 13314.00 to 13080.00.
Daily trend is up with the key swing low at 11806.25 and swing high at 13348.75.
240 minute is down with the key swing high at 13314.00. No swing low has developed as of this writing.
ESM23 is trading inside Wednesday’s range of 4167.00 to 4095.00.
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 1778.90 to 1731.40.
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 Wednesday’s range of 33917 to 33400.
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 34363 and swing low at 33347.
15 minute supply remains unchanged at 34305-34363. There are no 15 minute supply zones above 34363 for YMM23.
15 minute demand is now 33225-33178 and 32777-32729.
Treasury Futures are trading higher with the 30 Yr. up .26% and the 10 Yr. up .30%.
USM23/ZBM23 is trading inside Wednesday’s range of 132 29/32 to 131 16/32.
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 116’15.5 to 115’17.5.
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 mixed with the Euro down .07%, the Yen up .61%, and the Pound down .02%.
ECM23/6EM23 is trading inside Wednesday’s range of 1.11215 to 1.10295.
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 above Wednesday’s range of .74735 to .73695.
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.
15 minute supply is now .75545-.75645 and .75835-.75930.
15 minute demand remains unchanged at .73255-.73150. There are no 15 minute demand zones for JYM23/6JM23.
BPM23/6BM23 is trading inside Wednesday’s range of 1.2605 to 1.2480.
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 higher with Gold up .51% and Crude Oil up .48%.
GCM23 is trading inside Wednesday’s range of 2050.0 to 2016.0.
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 71.79 to 67.95.
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.