Still in the range, we've hit the bottom, so now expecting a move to the top. Possibly a headfake down first.
This week we have basically rotated around last weeks range, so not much to be gained from the profile other than we are at the range low.
We had a push up yesterday but we couldn't hold it. I'm on the lookout for a break of the lows and potentially a return to the lower range. I need to see some volume to short past the range low though so assumption is still going to be any new low for the week is fake.
Plan
- expectation is for continuation up towards this weeks high/value high
- if we push through the range take continuation trades only on exceptional volume
- otherwise look to play to the other side of value.
- looking for early trades as there is a high chance of choppy action later on
- on the lookout for intraday high volume nodes to trade around, especially if volume is in the same range as yesterday
- As it's Friday - it could be a very slow day (overnight range is very small)
Weekly Numbers
Range 2167.50 –> 2191.50
Value 2172-> 2184.50
S1 – 2167.75, R1 – 2193
Daily Numbers
Range 2167.50 -> 2177.25
Value 2169.75 -> 2175.25
Globex 2172.75 -> 2176.25
Settlement – 2173.50
Range Levels – 2143.50-2177.75, 2165.50->2190.75
Key Levels: 2110.75 ,2096, 2090.75, 2012.75, 1957.50, 1910.75, 1824.50, 1795.50
