Market Updates

S&P Daily Pre-Market Prep 4/27/16

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2016-04-27_5-49-31.jpg
FOMC Day. Yesterday was pretty lame at the end, so expectation today is a slow start then fireworks at FOMC time.

So again, looking for this 2100 area to be resolved. Looking for a pop up or a break down through 71.50. It's really about what happens when the post-FOMC move is over & whether we get a new direction. It could whip around and settle back into the range.

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This weeks profile is pinocchio-esque. This is just indicative in trading around a small range which is no shock considering the usual wait for FOMC.
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The Globex session is within yesterdays range. So....

Plan
- for the morning - look to play off yesterdays range/value range
- look for an early trade
- hands off if it then dies out
- then wait for the announcement and see if we get some direction when it settles down

Weekly Numbers
Range 2072 -> 2091.50
Value - 2080.75-> 2088.75
S1 - 2065.75 R1 - 2105.75


Daily Numbers
Range 2079.50 -> 2091.25
Value 2081.25 -> 2086.25
Globex 2080.75-> 2088.25

Settlement - 2088.50

Today only - 2071.50

Long Term 2100, 1996.75, 1920, 1833.75, 1804.75

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Posted by Peter Davies on April 27, 2016
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