Market Updates

S&P Daily Pre-Market Prep 2/9/17

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2017-02-09_15-35-22.png

Still in that range. Getting late in the week and while Thursday is historically a good day to shake off a range week and pop. Of late though, we've just ploughed through range weeks right till Friday.

2017-02-09_15-35-43.png

We can see the weeks value area is just 6 points. From this perspective it's shorts above 2292 and long below 2286. Hardly seems worth bothering...
 
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 Not much to say about this other than - it's moving sideways. We did have a flurry of activity when London opened today but that died out again.

Plan
- Look for an early trade off the open
- Be alert for a Thursday break of the weeks range
- other than that shorts above 92 and longs below 86

Weekly Numbers
Range - 2281 -> 2295
Value 2285.75 -> 2291.25
S1 - 2271, R1 - 2302.75

Daily Numbers
Range 2281 -> 2292
Value 2286.25 -> 2291.25
Globex 2287.75 -> 2292.25

Settlement – 2290.25

Key Levels – 2178.75, 2129.50 , 2099.75, 2084, 2078.75, 2000.75, 1945.5,1898.75,1812.5,1783.5

Jigsaw-trading.png 

 

Posted by Peter Davies on February 09, 2017
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