To save typing - this from yesterday:
It's looking pretty indeterminate based on yesterdays action.
This too:
We held 52.50 yesterday (well, 52.25) but the reaction wasn't convincing, looking for follow through today. Objectively, this is how crappy weeks often start - trapped around Fridays range on the Monday. So we need to get out or we have a high probability of a directionless week.
We held 52.50 yesterday (well, 52.25) but the reaction wasn't convincing, looking for follow through today. Objectively, this is how crappy weeks often start - trapped around Fridays range on the Monday. So we need to get out or we have a high probability of a directionless week.
Not much to say on a daily basis as we just traded within Fridays range (incl globex)
Plan
- Expectations low going into today. Past 3 settlements have been extremely close.
- Yesterday was the 3rd consecutive inside day 2146.75-2180.50 is the range from 11/11 that these days are sitting inside 'inside' - so really any trade inside there is a coin toss
- The exception to that would be a hold off 52.50/52.25 again or yesterdays 'technical' levels
- I can't get excited about playing in the middle, although 80.50 does seem a way off, so I'm going to give myself max 3 attempts at a "follow momentum" trades within the 46.75-80.50 area today (unless we an extreme)
- This plan changes if we break out of this 46.75-80.50 range or test one of the extremes
Weekly Numbers
Range 2028.50 -> 2170.75
Value 2089.75 -> 2168.25
S1 – 2063.25, R1 – 2112
Daily Numbers
Range 2152.25 -> 2168 / 2174.50
Value 2156.25 -> 2163.25
Globex 2158.50 -> 2169.75
Settlement – 2160.50
Today only - 2152.50
Key Levels: 2184, 2134.75, 2104, 2089.25, 2084, 2006, 1950.75, 1904, 1817.75, 1788.75
Plan
- Expectations low going into today. Past 3 settlements have been extremely close.
- Yesterday was the 3rd consecutive inside day 2146.75-2180.50 is the range from 11/11 that these days are sitting inside 'inside' - so really any trade inside there is a coin toss
- The exception to that would be a hold off 52.50/52.25 again or yesterdays 'technical' levels
- I can't get excited about playing in the middle, although 80.50 does seem a way off, so I'm going to give myself max 3 attempts at a "follow momentum" trades within the 46.75-80.50 area today (unless we an extreme)
- This plan changes if we break out of this 46.75-80.50 range or test one of the extremes
Weekly Numbers
Range 2028.50 -> 2170.75
Value 2089.75 -> 2168.25
S1 – 2063.25, R1 – 2112
Daily Numbers
Range 2152.25 -> 2168 / 2174.50
Value 2156.25 -> 2163.25
Globex 2158.50 -> 2169.75
Settlement – 2160.50
Today only - 2152.50
Key Levels: 2184, 2134.75, 2104, 2089.25, 2084, 2006, 1950.75, 1904, 1817.75, 1788.75
