Market Updates

S&P Daily Pre-Market Prep 1/28/16

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This is an early prep today as I have some errands to run before the open.

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Still looking very indecisive. FOMC didn't help much, so all eyes on unemployment numbers today as a potential catalyst.

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We popped through the top of last weeks high but then dropped back into what is now a single distribution for the week. So I'm expecting rotation between 1865 and 1900 for the rest of the week if we don't get some news to move us out. 

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That ties in with yesterdays range too. So looking to go long below 1865 and short above 1900. Continuations out of the range will only be taken if a break is made with significant volume.

Weekly Numbers
Range 1851.25-> 1910
Value - 1876.75 -> 1900.50
S1 - 1834.85-, R1 - 1932.75

Daily Numbers
Range 1864.50 -> 1910
Value 1879.50 -> 1905
Globex 1866.25 -> 1889.50

Today only 1865

Settlement - 1896

Long Term 2109.25, 2006, 1929.25, 1843, 1814, 1773.75

jigsaw.png

 

Posted by Peter Davies on January 28, 2016
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