Market Updates

S&P Daily Pre-Market Prep 6/6/16

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2016-06-06_5-31-29-1.png

Volume is declining and we are still unresolved at the highs.

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A very evenly distributed week, so looking for fades at weekly value high/low as well as weeks extremes. Cautious in the middle though.

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Not much to get from this other than confirming we are in a range and that at this point in time, we are in the middle of it. So unless we see decent volume off the open, I'll wait for an extreme to hold.

Plan
- No bias
- Off the open, play off any high volume areas from overnight
- Join any high volume moves
- For lower volume moves, wait till we move to last weeks value extremes before taking a trade

Weekly Numbers
Range 2082.75 -> 2106
Value - 2091.25 -> 2102.25
S1 - 2085.75 R1 - 2107.25


Daily Numbers
Range 2082.75 -> 2101.25 / 2106
Value 2089 -> 2099.50
Globex 2094 -> 2099.25

Settlement - 2097.75

Long Term 2105.25, 2100, 1996.75, 1920, 1833.75, 1804.75

 

 

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Posted by Peter Davies on June 06, 2016
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