The YM, ES, NQ & TF E-mini futures indices are non-directional, so far, today, after yesterday's drop, and ahead of tomorrow's data on jobs, unemployment, earnings, and trade balance.
They are in a trading range (and may be forming a bear flag) at or near the lower channel, with the exception of the TF, which has broken well below, as shown on the following 4-Hour charts. As I mentioned yesterday, the TF is leading in terms of recent equity weakness, and is now in a downtrend on this timeframe.
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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
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UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Wed. Jan. 23 @ 3:30 am ET ~ German Manufacturing PMI (watch for a drop below 50)
* Wed. Jan. 30 @ 2:00 pm ET ~ FOMC Announcement
* Fri. Feb. 1 @ 8:30 am ET ~ Employment Data
* Wed. Feb. 13 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Wed. Feb. 20 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Wed. Mar. 6 @ 2:00 pm ET ~ Beige Book Report
* Wed. Mar. 20 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET ~ Fed Chair Press Conference
*** Click here for link to Economic Calendars for all upcoming events
NOTABLE POSTS WITH IMPORTANT UPDATES...