Volume tapering off and not much news today. Middle of the range too. So low expectations today.
We tested the high of the major distribution from last week, if we can get through the 42 area we might find ourselves free to move up a little more. An eye on that.
Yesterday was a tough slog. So hopefully well get something more interesting today. I presume this is going to hold until the election now.
Yesterday was better than it looks here. Right off the open we traded 5k contracts at the open price and 300 above. An immediate ceiling on the action and a good short. So we had an early signal and a few decent places to jump on board in the run down. So we had our 'go with" trade. Still - at that point we were pretty much done.
Same plan as every day during this lull...
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 2107.75-> 2163.50
Value 2116.25 -> 2141.75
S1 - 2102, R1 - 2157.75
Daily Numbers
Range 2120.25/ 2129 -> 2139.25 / 2139.75
Value 2133 -> 2138.50
Globex 2126.25 -> 2135.00
Today only 2142
Settlement – 2132
Key Levels: 2184, 2134.75, 2104, 2089.25, 2084, 2006, 1950.75, 1904, 1817.75, 1788.75
Yesterday was better than it looks here. Right off the open we traded 5k contracts at the open price and 300 above. An immediate ceiling on the action and a good short. So we had an early signal and a few decent places to jump on board in the run down. So we had our 'go with" trade. Still - at that point we were pretty much done.
Same plan as every day during this lull...
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 2107.75-> 2163.50
Value 2116.25 -> 2141.75
S1 - 2102, R1 - 2157.75
Daily Numbers
Range 2120.25/ 2129 -> 2139.25 / 2139.75
Value 2133 -> 2138.50
Globex 2126.25 -> 2135.00
Today only 2142
Settlement – 2132
Key Levels: 2184, 2134.75, 2104, 2089.25, 2084, 2006, 1950.75, 1904, 1817.75, 1788.75
