U.S. stock  Higher in pre-market trading for,April 14.The Dow Futures is trading at 23,614.00 up with +1.31% percent or +305.00 point.The S&P 500 Futures is trading at 2,789.75 up with +1.11% percent or +30.50 point.The Nasdaq Futures is trading at 8,442.50 up with +1.38% percent or +115.25 point.

In other parts of world, Japan’s Nikkei 225 is trading at 19,638.81 up with 3.13% percent or +595.41 point. Hong Kong’s Hang Seng is trading at 24,450.90 up with  +0.62%  percent or +150.57 point. China’s Shanghai  Composite is trading at 2,827.28 up with +1.59% percent or +44.24  point. India’s BSE Sensex is trading at 30,690.02  with a loss of  –1.51% percent or –469.60  point at 12:15 PM.Germany’s DAX is trading at 10,675.93 up with +1.05% percent or +111.19 point. France’s CAC 40 is trading at 4,508.95 with +0.047% percent or +2.11 point. The Stoxx Europe 600 is trading at 333.67 up with +0.56% percent or +1.85  point.

Tuesday’s Factors and Events

 the Daily and Weekly charts show how the 35.00 level was a breakout after forming a bit of base.

On the weekly chart, you see that the ellipse looks very different than it did in January-February.

At the point it was breaking down on the Daily charts, it was still above the weekly MAs.

So here is a case where the shorter timeframe gave us a signal before the longer timeframe.

To begin this week, not only are we watching the 35.00 level, but also the trading range is within last week’s trading range.

Monday Activity

For the day the Dow is trading at 23,390.77 with a loss of –1.39% percent or –328.60 point. The S&P 500 is trading at 2,761.63 with a loss of –1.01% percent or –28.19  point. The Nasdaq Composite is trading at 8,192.42 up with +0.48% percent or +38.85 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,212.04 with a loss of -2.78% percent or -34.68  point; the S&P 600 Small-Cap Index closed at 718.35 with a loss of -3.35% percent or -24.88 point; the S&P 400 Mid-Cap Index closed at 1,537.47 with a loss of  –3.08% percent or -24.88 point; the S&P 100 Index closed at 1,266.47 with a loss of -0.37% percent or -4.73  point; the Russell 3000 Index closed at 1,590.32 with a loss of -1.17% percent or -18.75 point; the Russell 1000 Index closed at 1,513.74 with a loss of –1.07% or -16.31 point.