Traderfy Trend Premarket Overview

After a strong selling day, be sure to watch the Traderfy Trend Premarket Overview to see what the $ES_F, $SPY, $ZB_F and $CL are doing this morning.

E-mini S&P500 Futures – $ES_F

Yesterday’s Breadth showed and steady selling effort that has been interrupted in overnight trading. Better than expected numbers from Europe and yet more sovereign nation currency manipulations have softened the trajectory of the charts. Currently, the $ES_F has lifted 20 handles and our more aggressive definition of trend in showing an up auction, however, by our more conservative threshold, a down auction still exists. So is this a bounce or transition? The best answer to that question is not to form preconceived ideas and just trade what the charts tell us.

Bond Futures – $ZB_F

In proper form, Bond Futures have found a bit of weakness turning away from the $158 levels. Currently I see a strong downtrend move. Important levels and more details about trend can be seen in the Traderfy Trend Premarket Overview video below.

Crude Oil Futures – $CL_F

Crude Oil continues to be a difficult trade. Reviewing the daily chart shows us why. For an elongated period price has been stuck in the mid 40’s making for jumpy price days and weak follow through. Today, we find crude in an up auction as it pushes into the $45 handle.

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As always, trade well and be well.