Market Updates

S&P Daily Pre-Market Prep 2/14/17

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2017-02-14_14-46-25.pngMarket still up on low volume. No test to the downside, so not much participation to the upside. Or rather, not much excitement in the move up. Still long biased but expecting grind until we get a test. Still watching 95-99 below.

2017-02-14_14-48-33.png

Still an eye on 03.25 below us and still expecting market to accelerate if that breaks to the downside.
 
2017-02-14_14-49-06.png
 
Other that that, yesterdays prep would be fine for today. Nothing to see from the daily profiles.

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 oflow participation and a dull move
- 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 2313.25 / 2318.50 -> 2329
Value 2321-> 2326.50
Globex 2323.25 -> 2327.50

Settlement – 2326.25

Today Only - 2295.25 & 2299.75, 2303.15, 2312

Key Levels – 2178.75, 2129.50 , 2099.75, 2084, 2078.75, 2000.75, 1945.5,1898.75,1812.5,1783.55
 

Jigsaw-trading.png 

 

Posted by Peter Davies on February 14, 2017
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