Still out of action here.... my ISP support promised a definite fix by 5pm today. The connection then dropped at 5:03, 5:12, 5:50, 5:54, 6:10, 6:20 - so still not able to trade. Still able to prep though!
We still haven't been able to pull cleanly away from the top of this range. We are also experiencing narrower, lower volume days. Which is a good way to tell that everyone is waiting to see what everyone is going to do.
From a weekly profile perspective, we can see that most of the trading has been above 1929, which is good.
But from the daily profiles, it doesn't look so good, specifically how we had a narrow range yesterday and yesterdays value area low has held overnight. For more upside, we need to get above the value area high and hold it or I think people are going to see more upside to the downside.
So - bearish bellow 1936, looking for a sign sellers want to come in. Not too bothered about the long side till we get above yesterdays high. If we go back to yesterdays range, it looks like it'll be choppy - so be careful in that area.
Weekly Numbers
Range 1908.25 ->1943.75
Value - 1927.50 -> 1940.50
S1 - 1880.75 R1 - 1937.75
Daily Numbers
Range 1908.25 / 1932-> 1943.75
Value 1937 >-> 1941
Globex 1924.50 -> 1936.25
Today only - 1936.25
Long Term 2109.25, 2006, 1929.25, 1843, 1814, 1773.75
