Thursday, May 25, 2023

DTI Daily Rundown - May 25

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On TBUZ TV Today:

4150.00 Pivot.

4180.00 Resistance

4125.00 Support

Opens: 2023 3895.00; 2nd Quarter 4127.00; May 4190.00.

Recording of WOW https://vimeo.com/830030428/260de0f874

10:30am ET Bonus Class from last night.

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Market Review:

3 Things a Market Can Do

Markets can be up. Markets can be down. Markets can be unchanged.

They can also be all 3 over the course of enough time. This morning the NQ is up, the YM is down, and the ES is unchanged. Take your pick, which market suits you best. Also, be aware that before the end of the day all can change into something else.

In the positive market you are looking for the next point of resistance. Where is the market trying to climb to? Be aware of support, that level that keeps the market from moving back down. In the negative market look for the next big number down, and be aware of resistance, the number that stops the market from climbing. In the unchanged market, support and resistance show us when the market is likely to change into something else.


Over 70% of stocks track with the S&P 500 Futures

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Major Events:

May 26 Core PCE

May 30 Consumer Confidence

May 31 JOLTS Job Openings

June 1 ADP Employment

June 1 ISM Manufacturing PMI

Key Numbers Opens: Above or Below

4190.00 is the open of the Month

4189.00 is the open of the Week

4157.00 is the open

4127.00 is the open of the 2nd Quarter

3895.00 is the open of 2023

What's Hot and Not!

2 Days to the Holiday

Today and tomorrow are the last two days before a Monday holiday. After the holiday Tuesday and Wednesday are the last two days of the month. Look for the market to show us something that we can use when coming back from the holiday. We have a mixed bag of markets this morning. Look for those differences in the markets to start shaping each other, as we get ready both for the long weekend, and for the quick close of the month, next week.

Past performance is not indicative of future results. Futures trading involves substantial financial risk.

Please consult your personal financial advisor before using this information for your own trading purposes.

RISK DISCLAIMER There is a very high degree of risk involved in trading.. DTI Trader and all individuals affiliated with this site assume no responsibility for your trading results. The indicators, strategies, columns, and all other features are for educational purposes only and should not be construed as advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein.

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