Market Updates

S&P Daily Pre-Market Prep 3/14/16

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2016-03-14_4-13-45.jpg
That was quite an unusual rollover - anyway we are about done rolling, so now to trading June contract.

Our levels have moved down 9.25 points - so take note below.

We are above our 1996.75 level, so looking for signs we can hold that, preferably on a pullback and then start our way up to 2100. So long biased above 96.75.

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To the downside we have 2002.50 and 1994.75 as potential support as well as the 1985 level. Below that and I'm looking for signs of seller strength.

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Fridays Value low was 2003 and the day session traded very much like a roll day. As we go into today, I'm watching for heavy selling right from the outset for a large down day. If we move down on moderate volume, I'm looking for the market to find support for the long. I will not participate in any average volume move down.

In terms of upside potential, it's pretty much open.


Weekly Numbers
Range 1958 ->2012.75
Value - 1971.50 -> 1989
S1 - 1974.75 R1 - 2029.50

Daily Numbers
Range 1978 / 1995.75 -> 2012.75
Value 2003 -> 2011.50
Globex 2006 -> 2011.50

Settlement - 2020

Today only - 2002.50, 1994.75, 1985

Long Term 2100, 1996.75, 1920, 1833.75, 1804.75

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Posted by Peter Davies on March 14, 2016
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