Market Updates

S&P Daily Pre-Market Prep 10/4/16

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The range is really narrowing. It feels like the longest summer ever. I have to wonder if this isn't going to go right through to the election....

Still - there's always that Deutsche Bank thing to come and give us a run one way or the other.

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10 point range yesterday - I still feel the same overall. Will look to get into intraday breaks. I'm open minded about today - by no means does yesterday guarantee that the range is dead. So I still have no bias and an eye for a break still.

Plan
- 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 2132.75 -> 2168.25
Value 2138.50 -> 2155.50
S1 - 2139.25, R1 - 2174.75

Daily Numbers
Range 2146.75 /2156.75 -> 2164
Value 2149.25 -> 2153.75
Globex 2153 -> 2159.75

Upper Range - 2158.75-2184,

Settlement – 2153.25

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 04, 2016
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