Well - my trading PC totally failed, so I got permission off the wife to buy a shiny new one. Yesterday was a test run and so today should be back to live trading with a laptop connected too - just in case.
Market doesn't know what to do. Whist it did look like the August low has been rejected, we now have a lack of direction. The range had narrowed and volume has dropped. Chances of being chopped around are good today. Volume will likely come in again if we can break this range but otherwise, it's time to be patient, especially if you miss the early swings.
We are close to last weeks high (1907.50), so we should be cautious as we head to that level. I expect some follow through if that holds.
Going in to today, I'm expecting 'normal' ES behavior. So watching yesterday VAH/VAL and range for clues off the open as well as areas of high volume from overnight. Looking to get in on an early swing and if I miss it, going to have to be patient as it could be choppy.
Weekly Numbers
Range 1851.25-> 1904.25
Value - 1876.50 -> 1902
S1 - 1834.85-, R1 - 1932.75
Daily Numbers
Range 1851.25 / 1874.50 -> 1899.75
Value 1888 -> 1898
Globex 1829.25 -> 1878.75
Today only 1907.50
Settlement - 1896
Long Term 2109.25, 2006, 1929.25, 1843, 1814, 1773.75

