Still in that range. There's no need for the weekly profiles today because it's just going to tell us the same thing. I guess we need something solid from Trump before we can move one way or the other. If he does manage to cut taxes to the extent he's implying, it's hard to see how that would not cause the market to move. Otherwise, it's a matter of the range itself causing a break - which will obviously be a tougher move to trade as it'll come from nowhere.
So for now - playing the range. Not engaging in the 2060-2070 area and looking for probes outside. We had a very good day yesterday in terms of the opening move. Friday was trickier with a move off the open, then chop, then a breakdown followed by more chop. So I'm sticking with trying to get something close to the open.
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 - 2251.75 -> 2267.50
Value 2258.75 -> 2263.25
S1 - 2255.25, R1 - 2275
Daily Numbers
Range 2251.75 -> 2267.50
Value 2254.75 -> 2261.75
Globex 2259.50 -> 2264.25
Settlement – 2262
Key Levels – 2178.75, 2129.50 , 2099.75, 2084, 2078.75, 2000.75, 1945.5,1898.75,1812.5,1783.5
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 - 2251.75 -> 2267.50
Value 2258.75 -> 2263.25
S1 - 2255.25, R1 - 2275
Daily Numbers
Range 2251.75 -> 2267.50
Value 2254.75 -> 2261.75
Globex 2259.50 -> 2264.25
Settlement – 2262
Key Levels – 2178.75, 2129.50 , 2099.75, 2084, 2078.75, 2000.75, 1945.5,1898.75,1812.5,1783.5
