Market Updates

S&P Daily Pre-Market Prep 3/30/16

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2016-03-30_5-11-40.png

The market seems to have taken Yellens comments positively. So into today, looking to see if we can continue this up move and make it to 2100. 

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The value high from last week is 43.50, so if we do come down, I'll be looking to see if that holds. We've had a move up and now we could do with building a base to move up again. A move back down to 2043.50 could happen very quickly at this point as there's no real volume traded between where we are now and there.
 
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I wouldn't pay too much attention to the value area from yesterday as the day is so elongated. I would watch out for the single print at 2040 as we did consolidate just below that yesterday.

So into today - looking for continuation up but very wary of the possibility of a drop to 40-43.50.

Weekly Numbers
Range 2019.25-> 2058.25
Value - 2022.25 -> 2036.75

Daily Numbers
Range 2019.25 -> 2047.50
Value 2023 -> 2041.50
Globex 2046.75 -> 2058.25

Settlement - 2047.50

Today only - 2043.50

Long Term 2100, 1996.75, 1920, 1833.75, 1804.75

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Posted by Peter Davies on March 30, 2016
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