Still going nowhere. Volume a bit better yesterday but still on the low side. As usual when we get a range week, we are now waiting for a break and expecting poor action till it occurs.
We still haven't broken the high volume area from last week, and now that's the area we've spent the most time this week, so we still have a good chance of some nice downside action if that breaks.
Yesterday was a slow start but the range wasn't too bad in the end. We held the overnight low but it we didn't see much in terms of momentumtill we cracked through.
Plan
- another low expectation day.
- looking for a break below the weeks low for downside participation
- possibility of decent upside momentum above 2266-2268, otherwise the upside is tricky in my opinion
- will look for an early trade again, and then look for a break of any range that forms
Weekly Numbers
Range 2159.50 -> 2275.25
Value 2260.75 -> 2268.75
S1 - 2248.50, R1 - 2286
Daily Numbers
Range 2259.50-> 2274
Value 2263.25 -> 2270.74
Globex 2259.74 -> 2265.50
Settlement – 2263.75
Other levels – 2227.75, 2273, 2260, 2266-68
Key Levels – 2178.75, 2129.50 , 2099.75, 2084, 2078.75, 2000.75, 1945.5,1898.75,1812.5,1783.5
Plan
- another low expectation day.
- looking for a break below the weeks low for downside participation
- possibility of decent upside momentum above 2266-2268, otherwise the upside is tricky in my opinion
- will look for an early trade again, and then look for a break of any range that forms
Weekly Numbers
Range 2159.50 -> 2275.25
Value 2260.75 -> 2268.75
S1 - 2248.50, R1 - 2286
Daily Numbers
Range 2259.50-> 2274
Value 2263.25 -> 2270.74
Globex 2259.74 -> 2265.50
Settlement – 2263.75
Other levels – 2227.75, 2273, 2260, 2266-68
Key Levels – 2178.75, 2129.50 , 2099.75, 2084, 2078.75, 2000.75, 1945.5,1898.75,1812.5,1783.5
