Traderfy Trend Premarket Overview

Welcome to today’s Premarket Overview in our first full week after the FOMC decision to leave interest rates unchanged.

E-mini S&P500 – $ES_F

This morning, the $ES_F futures are chopping around the same levels from prior to the FOMC interest rate decision. Interestingly, since that announcement, we have spiked to beyond 2000 to below 1940 leaving the market gasping for true direction. From a trend standpoint, we observe our offset line in an uptrend with important resistance levels just overhead for those a using our more aggressive trend definition method.

Bond Futures – $ZB_F

Bond Futures are cleanly the contrarian chart to the $ES_F this morning. For those using our more conservative method of defining trend, the 200 SMA, we present that the $ZB_F is in a weak uptrend that is looking for our offset indicator to turn back above prior price for a long signal.

Crude Oil Futures – $CL_F

For the better part of a week, Crude Oil Futures have been listing in the mid $40’s. The aggressive trend has been up this morning, however, we find price moving into our more conservative downtrend definition line at teh 46 handle.

The Traderfy Trend Premarket Overview below provided a great deal more detail on my outlook this morning.  I hope you have a great trading day.

Trade Well and Be Well