Market Updates

S&P Daily Pre-Market Prep 10/10/16

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2016-10-10_5-17-35.png

Still no change. Non directional market.

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The bulk of trading last week was 47.50-56.50, so an eye out for that.
 
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As before - we still have the potential for a good daily range despite being directionless overall. This is a bit variable though and we could very easily have a 10 point range. So we can't RELY on a good range

Plan
- A balanced market - so go with trades to the end of the range, then fades at the extremes of price OR value.
- on the lookout for a break out of the range (it'll happen some time)
- an ear on the news in case something happens with DB (seems the fine is going down)
- no bias - just looking to take advantage of momentum on a short term moves that occur before we finally breakout

Weekly Numbers
Range 2136 -> 2164
Value 2146.50 -> 2157.50

Daily Numbers
Range 2138 -> 2159.25 / 2161.50
Value 2141.75 -> 2151.25
Globex 2148.50 -> 2155

Upper Range - 2158.75-2184

Today only 2147.50, 2156.50

Settlement – 2146.50

Key Levels: 2184, 2134.75, 2104, 2089.25, 2084, 2006, 1950.75, 1904, 1817.75, 1788.75
 
 

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Posted by Peter Davies on October 10, 2016
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