Home Futures

0 43

ATTEMPTED DIRECTION:        BUYER    or    SELLER

1) Rotation                                                   Seller

2) Range Extension                                      Seller

3) Public went home as a…                         Seller

4) Buying-Selling Tails                                Seller

5) Open in Bull or Bear Range                    Seller

ATTEMPTED DIRECTION: …Bearish

Comments:  This shows a bearish bias with a “trending” profile.

 

ATTEMPTED PERFORMANCE:

1) Today’s ES volume compared to prior day & 5-day average

Today           (1.136 million) … HIGHER vs. the prior day

5-day Avg.   (0.879 million) … HIGHER vs. the average

2) Value Area: Overlapping-to-lower

       

3) VA Width: Wider

COMMENTS:  The VA placement was overlapping-to-lower and wider vs. the previous day’s VA with higher volume.

 

Monthly Trend = Bullish

Weekly Trend = Bullish

Daily Trend = Bearish

                                                                                                                                

POTENTIAL RESULTS: No economic data will be released after the open. Given Thursday’s weakness, wider VA profile and higher volume; there should be lower prices.

 

(HVA)Support =     2657.00 to 55.75, 2649.00 to 46.50, 2642.50 to 40.25

(HVA)Resistance = 2670.00 to 72.00 … none

* Indicates important “chart levels” that are not HVAs.

Please use the pivot calculator in the “shared folder” for all of today’s pivots.

…  Follow @NoteFromThePit for important tradable news tweets!

 

IMPORTANT NOTICE: Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. Nothing in our website shall be deemed a solicitation or an offer to Buy/Sell futures and/or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our site. Also, the past performance of any trading methodology is not necessarily indicative of future results.

 

DAY TRADING involves high risks and YOU can LOSE a lot of money. These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.

0 34

ATTEMPTED DIRECTION:        BUYER    or    SELLER

1) Rotation                                                   Seller

2) Range Extension                                      Both

3) Public went home as a…                         Neither

4) Buying-Selling Tails                                Neither

5) Open in Bull or Bear Range                    Neither

ATTEMPTED DIRECTION: …Mixed

Comments:  This shows no bias with a “normal” profile.

 

ATTEMPTED PERFORMANCE:

1) Today’s ES volume compared to prior day & 5-day average

Today           (1.028 million) … HIGHER vs. the prior day

5-day Avg.   (0.819 million) … HIGHER vs. the average

2) Value Area: Overlapping-to-higher

       

3) VA Width: Unchanged

COMMENTS:  The VA placement was overlapping-to-higher but unchanged vs. the previous day’s VA with low, but better volume.

 

Monthly Trend = Bullish

Weekly Trend = Bullish

Daily Trend = Bullish

                                                                                                                                

POTENTIAL RESULTS: PMI Flash and Business Inventories data will be released 15 & 30min after the open. Now that the FOMC rate hike is out of the way, the market will focus on any new tax cut news going forward. New ATHs are surely in the offing.

 

(HVA)Support =     2668.00 to 66.75, 2661.25 to 59.00, 2649.00 to 46.50

(HVA)Resistance = 2670.50 to 72.25 … none

* Indicates important “chart levels” that are not HVAs.

Please use the pivot calculator in the “shared folder” for all of today’s pivots.

…  Follow @NoteFromThePit for important tradable news tweets!

 

IMPORTANT NOTICE: Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. Nothing in our website shall be deemed a solicitation or an offer to Buy/Sell futures and/or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our site. Also, the past performance of any trading methodology is not necessarily indicative of future results.

 

DAY TRADING involves high risks and YOU can LOSE a lot of money. These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.

0 72

ATTEMPTED DIRECTION:        BUYER    or    SELLER

1) Rotation                                                   Buyer

2) Range Extension                                      Buyer

3) Public went home as a…                         Neither

4) Buying-Selling Tails                                Buyer

5) Open in Bull or Bear Range                    Buyer

ATTEMPTED DIRECTION: …Bullish

Comments:  This shows a bullish bias with a “normal variation” profile.

 

ATTEMPTED PERFORMANCE:

1) Today’s ES volume compared to prior day & 5-day average

Today           (0.885 million) … HIGHER vs. the prior day

5-day Avg.   (0.812 million) … HIGHER vs. the average

2) Value Area: Higher

       

3) VA Width: Unchanged

COMMENTS:  The VA placement was higher but unchanged vs. the previous day’s VA with low, but better volume.

 

Monthly Trend = Bullish

Weekly Trend = Bullish

Daily Trend = Bullish

                                                                                                                                

POTENTIAL RESULTS: No major economic data will be released after the open. Oil storage data will come out at 10:30 ET. The FOMC will announce a rate hike (should) at 2pm ET, with a press conference at 2:30 ET.

 

(HVA)Support =     2661.25 to 59.00, 2649.00 to 46.50, 2642.50 to 41.00

(HVA)Resistance = … none

* Indicates important “chart levels” that are not HVAs.

Please use the pivot calculator in the “shared folder” for all of today’s pivots.

…  Follow @NoteFromThePit for important tradable news tweets!

IMPORTANT NOTICE: Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. Nothing in our website shall be deemed a solicitation or an offer to Buy/Sell futures and/or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our site. Also, the past performance of any trading methodology is not necessarily indicative of future results.

DAY TRADING involves high risks and YOU can LOSE a lot of money. These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.

0 62

ATTEMPTED DIRECTION:        BUYER    or    SELLER

1) Rotation                                                   Buyer

2) Range Extension                                      Buyer

3) Public went home as a…                         Buyer

4) Buying-Selling Tails                                Buyer

5) Open in Bull or Bear Range                    Buyer

ATTEMPTED DIRECTION: …Bullish

Comments:  This shows a bullish bias with a “normal” profile.

 

ATTEMPTED PERFORMANCE:

1) Today’s ES volume compared to prior day & 5-day average

Today           (0.658 million) … LOWER vs. the prior day

5-day Avg.   (1.059 million) … LOWER vs. the average

2) Value Area: Higher

       

3) VA Width: Narrower

COMMENTS:  The VA placement was higher and narrower vs. the previous day’s VA with much lower volume.

 

Monthly Trend = Bullish

Weekly Trend = Bullish

Daily Trend = Bearish

                                                                                                                                

POTENTIAL RESULTS: No major economic data will be released after the open. The market may be ready to test the highs again after a brief dip last week.

 

(HVA)Support =     2649.00 to 46.50, 2642.50 to 40.25, 2630.25 to 28.50

(HVA)Resistance = … none

* Indicates important “chart levels” that are not HVAs.

Please use the pivot calculator in the “shared folder” for all of today’s pivots.

…  Follow @NoteFromThePit for important tradable news tweets!

 

IMPORTANT NOTICE: Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. Nothing in our website shall be deemed a solicitation or an offer to Buy/Sell futures and/or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our site. Also, the past performance of any trading methodology is not necessarily indicative of future results.

 

DAY TRADING involves high risks and YOU can LOSE a lot of money. These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.

0 90

ATTEMPTED DIRECTION:        BUYER    or    SELLER

1) Rotation                                                   Buyer

2) Range Extension                                      Buyer

3) Public went home as a…                         Buyer

4) Buying-Selling Tails                                Buyer

5) Open in Bull or Bear Range                    Buyer

ATTEMPTED DIRECTION: …Bullish

Comments:  This shows a bullish bias with a “normal” profile.

 

ATTEMPTED PERFORMANCE:

1) Today’s ES volume compared to prior day & 5-day average

Today           (0.836 million) … LOWER vs. the prior day

5-day Avg.   (1.416 million) … LOWER vs. the average

2) Value Area: Overlapping-to-higher

       

3) VA Width: Wider

COMMENTS:  The VA placement was overlapping-to-higher and wider vs. the previous day’s VA with lower volume.

 

Monthly Trend = Bullish

Weekly Trend = Bullish

Daily Trend = Bearish

                                                                                                                                

POTENTIAL RESULTS: Consumer Sentiment data will be released 30min after the open. The very low volume may have been caused by a waiting period before Friday’s pre-open Jobs number.

 

(HVA)Support =     2639.00 to 37.75, 2630.25 to 28.50, 2626.50 to 24.25

(HVA)Resistance = 2641.25 to 42.50, 2647.75 to 48.50 … none

* Indicates important “chart levels” that are not HVAs.

Please use the pivot calculator in the “shared folder” for all of today’s pivots.

…  Follow @NoteFromThePit for important tradable news tweets!

 

IMPORTANT NOTICE: Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. Nothing in our website shall be deemed a solicitation or an offer to Buy/Sell futures and/or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our site. Also, the past performance of any trading methodology is not necessarily indicative of future results.

 

DAY TRADING involves high risks and YOU can LOSE a lot of money. These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.

0 76

ATTEMPTED DIRECTION:        BUYER    or    SELLER

1) Rotation                                                   Buyer

2) Range Extension                                      Both

3) Public went home as a…                         Neither

4) Buying-Selling Tails                                Both

5) Open in Bull or Bear Range                    Buyer

ATTEMPTED DIRECTION: …Mixed

Comments:  This shows no bias with a “normal” profile.

 

ATTEMPTED PERFORMANCE:

1) Today’s ES volume compared to prior day & 5-day average

Today           (0.993 million) … LOWER vs. the prior day

5-day Avg.   (1.699 million) … LOWER vs. the average

2) Value Area: Overlapping-to-lower

       

3) VA Width: Narrower

COMMENTS:  The VA placement was overlapping-to-lower but narrower vs. the previous day’s VA with lower volume. This suggests that the previous downward move has slowed considerably.

 

Monthly Trend = Bullish

Weekly Trend = Bullish

Daily Trend = Bearish

                                                                                                                                

POTENTIAL RESULTS: No economic data will be released after the open. The recent data suggests the downward action has slowed a lot. Is it a pause or will it reverse up from here?

 

(HVA)Support =     2626.75 to 23.50, 2602.00 to 00.50, 2598.75 to 96.75

(HVA)Resistance = 2638.00 to 42.50, 2646.75 to 48.50 … none

* Indicates important “chart levels” that are not HVAs.

Please use the pivot calculator in the “shared folder” for all of today’s pivots.

…  Follow @NoteFromThePit for important tradable news tweets!

 

IMPORTANT NOTICE: Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. Nothing in our website shall be deemed a solicitation or an offer to Buy/Sell futures and/or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our site. Also, the past performance of any trading methodology is not necessarily indicative of future results.

 

DAY TRADING involves high risks and YOU can LOSE a lot of money. These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.

0 62

ATTEMPTED DIRECTION:        BUYER    or    SELLER

1) Rotation                                                   Seller

2) Range Extension                                      Both

3) Public went home as a…                         Seller

4) Buying-Selling Tails                                Neither

5) Open in Bull or Bear Range                    Neither

ATTEMPTED DIRECTION: …Mixed

Comments:  This shows no bias with a “normal variation” profile.

 

ATTEMPTED PERFORMANCE:

1) Today’s ES volume compared to prior day & 5-day average

Today           (1.219 million) … LOWER vs. the prior day

5-day Avg.   (1.818 million) … LOWER vs. the average

2) Value Area: Overlapping-to-lower

       

3) VA Width: Narrower

COMMENTS:  The VA placement was overlapping-to-lower but narrower vs. the previous day’s VA with lower volume. This does not suggest a huge drop is in the offing.

 

Monthly Trend = Bullish

Weekly Trend = Bullish

Daily Trend = Bearish

                                                                                                                                

POTENTIAL RESULTS: No economic data will be released after the open; however, the oil storage report will come out at 10:30am ET. Tuesday’s drop came late and although it was a bearish close, the overall volume & VA width were not especially bearish.

 

(HVA)Support =     2626.75 to 23.50, 2602.00 to 00.50, 2598.75 to 96.75

(HVA)Resistance = 2638.00 to 42.50, 2646.75 to 48.50 … none

* Indicates important “chart levels” that are not HVAs.

Please use the pivot calculator in the “shared folder” for all of today’s pivots.

…  Follow @NoteFromThePit for important tradable news tweets!

 

IMPORTANT NOTICE: Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. Nothing in our website shall be deemed a solicitation or an offer to Buy/Sell futures and/or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our site. Also, the past performance of any trading methodology is not necessarily indicative of future results.

 

DAY TRADING involves high risks and YOU can LOSE a lot of money. These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.

0 68

ATTEMPTED DIRECTION:        BUYER    or    SELLER

1) Rotation                                                   Seller

2) Range Extension                                      Seller

3) Public went home as a…                         Seller

4) Buying-Selling Tails                                Seller

5) Open in Bull or Bear Range                    Seller

ATTEMPTED DIRECTION: …Bearish

Comments:  This shows a bearish bias with a “trending” profile.

 

ATTEMPTED PERFORMANCE:

1) Today’s ES volume compared to prior day & 5-day average

Today           (1.588 million) … LOWER vs. the prior day

5-day Avg.   (2.052 million) … LOWER vs. the average

2) Value Area: Overlapping-to-higher

       

3) VA Width: Narrower

COMMENTS:  The VA placement was overlapping-to-higher but narrower vs. the previous day’s VA with lower volume. This does not confirm the higher early prices.

 

Monthly Trend = Bullish

Weekly Trend = Bullish

Daily Trend = Bullish

                                                                                                                                

POTENTIAL RESULTS: PMI & ISM Services data will be released 15 & 30min after the open. The market should stay volatile but slow a bit, unless the market drops Tuesday. Monday’s early ATH prices were not confirmed by the lame VA width and lower volume.

 

(HVA)Support =     2626.75 to 23.50, 2602.00 to 00.50, 2598.75 to 96.75

(HVA)Resistance = 2637.50 to 39.00, 2641.25 to 42.50 … none

* Indicates important “chart levels” that are not HVAs.

Please use the pivot calculator in the “shared folder” for all of today’s pivots.

…  Follow @NoteFromThePit for important tradable news tweets!

 

IMPORTANT NOTICE: Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. Nothing in our website shall be deemed a solicitation or an offer to Buy/Sell futures and/or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our site. Also, the past performance of any trading methodology is not necessarily indicative of future results.

 

DAY TRADING involves high risks and YOU can LOSE a lot of money. These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.

0 62

 

ATTEMPTED DIRECTION:        BUYER    or    SELLER

1) Rotation                                                   Buyer

2) Range Extension                                      Seller

3) Public went home as a…                         Buyer

4) Buying-Selling Tails                                Buyer

5) Open in Bull or Bear Range                    Seller

ATTEMPTED DIRECTION: …Mixed

Comments:  This shows no bias with a “normal variation” profile.

 

ATTEMPTED PERFORMANCE:

1) Today’s ES volume compared to prior day & 5-day average

Today           (2.445 million) … HIGHER vs. the prior day

5-day Avg.   (1.734 million) … HIGHER vs. the average

2) Value Area: Overlapping-to-lower

       

3) VA Width: Wider

COMMENTS:  The VA placement was overlapping-to-lower and wider vs. the previous day’s VA with better volume.

 

Monthly Trend = Bullish

Weekly Trend = Bullish

Daily Trend = Bullish

                                                                                                                                

POTENTIAL RESULTS: Factory Order data will be released 30min after the open. The market should still be volatile Monday, and possibly make new ATHs once again.

 

(HVA)Support =     2627.75 to 23.50, 2602.00 to 00.50, 2598.75 to 96.75

(HVA)Resistance = … none

* Indicates important “chart levels” that are not HVAs.

Please use the pivot calculator in the “shared folder” for all of today’s pivots.

…  Follow @NoteFromThePit for important tradable news tweets!

 

IMPORTANT NOTICE: Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. Nothing in our website shall be deemed a solicitation or an offer to Buy/Sell futures and/or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our site. Also, the past performance of any trading methodology is not necessarily indicative of future results.

 

DAY TRADING involves high risks and YOU can LOSE a lot of money. These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.

0 73

ATTEMPTED DIRECTION:        BUYER    or    SELLER

1) Rotation                                                   Buyer

2) Range Extension                                      Buyer

3) Public went home as a…                         Neither

4) Buying-Selling Tails                                Both

5) Open in Bull or Bear Range                    Buyer

ATTEMPTED DIRECTION: …Bullish

Comments:  This shows a mildly bullish bias with a “normal” profile.

 

ATTEMPTED PERFORMANCE:

1) Today’s ES volume compared to prior day & 5-day average

Today           (2.247 million) … HIGHER vs. the prior day

5-day Avg.   (1.328 million) … HIGHER vs. the average

2) Value Area: Higher

       

3) VA Width: Wider

COMMENTS:  The VA placement was higher and wider vs. the previous day’s VA with better volume.

 

Monthly Trend = Bullish

Weekly Trend = Bullish

Daily Trend = Bullish

                                                                                                                                

POTENTIAL RESULTS: PMI Mfg and ISM Mfg data will be released 15 & 30min after the open. The market is still wildly bullish as the tax proposal is closer to becoming law. Is it priced in yet?

 

(HVA)Support =     2627.75 to 23.50, 2602.00 to 00.50, 2598.75 to 96.75

(HVA)Resistance = … none

* Indicates important “chart levels” that are not HVAs.

Please use the pivot calculator in the “shared folder” for all of today’s pivots.

…  Follow @NoteFromThePit for important tradable news tweets!

 

IMPORTANT NOTICE: Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. Nothing in our website shall be deemed a solicitation or an offer to Buy/Sell futures and/or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our site. Also, the past performance of any trading methodology is not necessarily indicative of future results.

 

DAY TRADING involves high risks and YOU can LOSE a lot of money. These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.

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