OK - so same thing as previous days this week, still biased towards us being on the way to 2100. Volume was a little higher yesterday but way below what we've been seeing over the past months. Still have an eye on 2028.75 and 2011 for support.
And obviously - stuck in a range. With holidays on Friday and no news today, we are relying almost entirely on the build up of positions in this range causing a move. We do have unemployment claims on Thursday but for now, we need to presume rangebound behavior for the rest of the week..
Best opportunity in these markets is usually the opening swings. So looking for an early trade today, just jumping on whichever direction we see momentum.
Once that's over with, I'll be looking to fade the yesterdays value/range and then the weekly range.
Within that area (if we don't get to the extremes), trying to scalp off developing shorter term high volume nodes is a possibility but it wasn't working that well yesterday AM as the market was so weak. There was no follow through. So if I get a couple of failed scalps because of poor follow through, I'll call it a day.
Of course, we could break out today - but I'm looking for really strong volume to join a break, otherwise I'll presume a headfake.
Weekly Numbers
Range 2028.75-> 2047.50
Value - 2034.75 -> 2043.25
S1 - 2007.25 R1 - 2055
Daily Numbers
Range 2028.75 / 2030.50 -> 2047.50
Value 2038 -> 2046
Globex 2037.75 -> 2045.25
Settlement - 2042.50
Today only - 2028.75, 2011
Long Term 2100, 1996.75, 1920, 1833.75, 1804.75
