Market Updates

S&P Daily Pre-Market Prep 20/1/17

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Still in the range, and still waiting for it to break. Perhaps President Trump will help us next week.....

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We had a decent probe down yesterday, but we bounced back into the middle of the tight range. It's hard to see us making a break on a Friday, but I'll be tuning in for the first hour at least...

Plan
- market is still in a tight range but still capable of a decent range
- going to have to be a wait and see day but staying out from 2060-2070
- looking for something off the open and not interested if we have another "hour chop then break" day

Weekly Numbers
Range 2253 -> 2270.50
Value 2262.50 -> 2267.50
S1 - 2256, R1 - 2281.50

Daily Numbers
Range 22573 -> 2269.50
Value 2257-> 2265
Globex 2260.75 -> 2267.50

Settlement – 2261.50

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 January 20, 2017
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