Market Updates

S&P Daily Pre-Market Prep 2/13/17

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2017-02-13_17-49-54.png

Still looking for more upside and still would like to see a pullback to the top of the old range(s) to give us the best upside move. So looking at 2295-2299 for a pullback and if that fails, for us to carry on in the old range.

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Also looking for a pullback to 2303.25. Below that, there's not much trade so also looking for a swift move down if 03.25 breaks.
 
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We did hold 2312 late on Friday, while that's close it has held overnight. So again this is potentially an area we could move up from but I see it as lower probability. Also watching the usual levels today too.

Plan
- On a move down, watching for a hold to then bring in buyers - 2312 (low probability), 03.15 and 95-99
- On a move up without a downside test, go with but be aware for low participation
- Look to play a drop through 03.25 to the downside

Weekly Numbers
Range - 2281 -> 2315.75
Value 2284 -> 2294
S1 - 2290.75, R1 - 2325.50

Daily Numbers
Range 2303 / 2306.25 -> 2315.75
Value 2309.50 -> 2315
Globex 2313.25 -> 2318

Settlement – 2312.75

Today Only - 2295.25 & 2299.75, 2303.15, 2312

Key Levels – 2178.75, 2129.50 , 2099.75, 2084, 2078.75, 2000.75, 1945.5,1898.75,1812.5,1783.5
 

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Posted by Peter Davies on February 13, 2017
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