DTI Daily Rundown - May 24

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On TBUZ TV Today:

4150.00 Pivot.

4180.00 Resistance

4120.00 Support

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

Join us tonight for Wednesday on the Web at 8pm ET

Flash Meeting 3:30pm ET - It's time to pay attention!


Market Review:

The New Midpoint of May

The midpoint for May in the ES had been 4134.25. That was before the new high at 4227.25. The low for the month is so far, unchanged at 4062.75. To find the new midpoint of the month, add the high and low together, then divide by 2. It's a simple concept.

The midpoint for May 2023 is 4144.75.

The FOMC number is 4150.00.

The open of the Quarter is 4127.00.

The open of the Month is 4190.00.

These are the numbers that should define this market.

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


Major Events:

May 25 GDP (Preliminary)

May 26 Core PCE

May 30 Consumer Confidence

May 31 JOLTS Job Openings

Key Numbers Opens: Above or Below

4190.00 is the open of the Month

4189.00 is the open of the Week

4158.00 is the open

4127.00 is the open of the 2nd Quarter

3895.00 is the open of 2023

What's Hot and Not!

FOMC Minutes at 2pm ET

The release of the FOMC minutes is not likely to provide any further understanding of the intentions of the FOMC board. It will be a time to be aware. In the recent past the FOMC minutes have been an occasion to reaffirm the views of the FOMC. Those views often getting lost in media drama. At the release of the FOMC statement some weeks ago, the ES Futures were trading at 4150.00.

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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