We've left the chop zone, so into today with a long bias until I see evidence to the contrary. Volume is decent in this move up but not great.
To the upside we do have a level at 2006 but if you look at the spikes down the last time that area was of interest, we did spike way through it so anywhere from 83-2006 is in a pivot zone (an area we've held from both sides).
We are building an upper distribution, with not much trading below 1971.25 all the way down to 1945 area. So if we do move down, I'll be watching the 1971 area.
We've made a small move up overnight but not much. If we stay in this area into the open, I'll be looking to play off yesterdays value area first of all. The value high has held so far, so we may have tested it already and be on our way up. Into the open, I'll be looking to jump on any move up but take a wait & see with any move down to see if we test one of those nearby levels.
Weekly Numbers
Range 1920.74 ->1987.75
Value - 1921.50 -> 1973.50
S1 - 1896.75 R1 - 1978.75
Daily Numbers
Range 1966.525 -> 1984.75
Value 1970.50- > 1978.50
Globex 1978.50 -> 1987.75
Settlement - 1983.50
Today only - 1971.25
Long Term 2109.25, 2006, 1929.25, 1843, 1814, 1773.755
