Heads-Up Trading 5th May 2023

Daily Market Overview uploaded 5th May 2023

 

US Equity Index Futures are trading higher with the NQ up .59%, the ES up .47%, the RTY up .58%, and the YM up .30%.

 

NQM23 is trading inside Thursday’s range of 13173.00 to 13001.75.

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 Thursday’s range of 4118.00 to 4062.25.

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 Thursday’s range of 1743.50 to 1707.90.

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 1796.50.  No swing low has developed as of this writing.

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YMM23 is trading inside Thursday’s range of 33562 to 33004.

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.  No swing low has developed as of this writing.

 

Treasury Futures are trading lower with the 30 Yr. down .57% and the 10 Yr. down .39%.

                                                                                                                                      

USM23/ZBM23 is trading below Thursday’s range of 133 to 131 14/32.

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 Thursday’s range of 117’00.0 to 115’31.0.

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 up .11%, the Yen down .05%, and the Pound up .19%.

 

ECM23/6EM23 is trading inside Thursday’s range of 1.11195 to 1.10145.  

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 Thursday’s range of .75395 to .74625.

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 above Thursday’s range of 1.2617 to 1.2561.

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 1.2448.  No swing high has developed as of this writing.

 

Commodity Futures are trading mixed with Gold down .49% and Crude Oil up 1.60%.

                                                                                                                              

GCM23 is trading inside Thursday’s range of 2085.4 to 2038.5.

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 Thursday’s range of 69.84 to 63.64.

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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