Market Updates

S&P Daily Pre-Market Prep 4/12/16

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Back from the beach and looks like the market didn't do much while I was gone. I'm still looking for a test of 2100. Right now it's indecisive, I'm still bullish as long as we can stay above the 2020 level.

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The weekly profiles overlap and aren't really adding much to the picture other than confirming a general lack of direction.

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Same on the daily profiles.

So the plan
- look for support anywhere between 2020-2025 with a view to rolling back up to 2060-2065 and then possible rolling back down to continue the range.
- if 2020 breaks - watch the volume. If we can trigger stops below, we could get back to 1996.75.

Weekly Numbers
Range 2026-> 2071.50
Value - 2034.25 -> 2056.75
S1 - 2022.50, R1 - 2063


Daily Numbers
Range 2032.50 / 2034.50 -> 2056.50
Value 2043.50 -> 2051.50
Globex 2029.25 -> 2043

Settlement - 2034.50

Today only - 2020

Long Term 2100, 1996.75, 1920, 1833.75, 1804.75

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Posted by Peter Davies on April 12, 2016
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