Good morning traders this is Brian at traderfy.com and welcome to this morning’s Traderfy Trend Premarket Overview for September 9, 2015.
E-mini S&P 500 – $ES_F
The E-mini S&P 500 futures continue to be an uptrend that started yesterday. This move was bolstered by the Chinese finance ministry indicating further intervention to solidify both their economy and markets. This ignited a global wave of the market moves. In Japan, the Nikkei was up 7.7%, the largest gain since 2008. Overall, we find Europe up approximately 2% as we head into the US markets open. We have already printed the Rolling R1 and it won’t be surprising to see a small pullback while continuing to be in a technical uptrend.
Bond Futures – $ZB_F
Bond futures are in a proper contrarian trend and have already reached today’s Rolling S1. We continue to show Bond futures in a down trend.
Crude Oil Futures – $CL_F
Crude oil futures had a mixed trend day yesterday and today is attempting to start a new down auction. During the day trading yesterday, crude oil futures initiated a new uptrend and we now find price has fallen to that same trend definition level. By the smallest of measures crude oil futures are attempting to start a new down auction. It’s more difficult to give a clear delineation of up or down trend as this chart must be watched closely.
I hope all of you have a magnificent trading day and thank you for watching today’s Tradefy Trend Premarket Overview video below. Be sure to check out or free realtime market news at Traderfy Realtime.