Market Updates

S&P Daily Pre-Market Prep 11/30/16

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2016-11-30_18-13-32.jpg

Still no progress, so we wait for the market to break one way or the other. As per yesterday, it's looking more & more likely that we'll sit in this range for the week.

2016-11-30_18-13-38.jpg 
A very evenly traded profile, which makes trades in the middle of the range problematic. But should be OK for fades at the extremes.
 
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Thirteen points range yesterday. Overall not much to get excited about today.

Plan
- Waiting for a break
- Until that happens look to play off the weeks extremes as well as prior day range/value
- If we do break - look for a pullback to the current extremes for a continuation

Weekly Numbers

Range 2196.25 -> 2209.50
Value 2202.25-> 2207.75

Daily Numbers
Range 2196.25 -> 2209.50
Value 2202.50 -> 2209.50
Globex 2200.75-> 2208.75

Settlement – 2203.75

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

Jigsaw-trading.png 

 

Posted by Peter Davies on November 30, 2016
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