Home Futures

0 70

ATTEMPTED DIRECTION:        BUYER    or    SELLER

1) Rotation                                                   Seller

2) Range Extension                                      Seller

3) Public went home as a…                         Neither

4) Buying-Selling Tails                                Both

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           (1.591 million) … HIGHER vs. the prior day

5-day Avg.   (1.023 million) … HIGHER 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 better volume. Most of the volume was to the sell side & the VA width was weaker — slowing?  

Monthly Trend = Bullish

Weekly Trend = Bullish

Daily Trend = Bullish

                                                                                                                                

POTENTIAL RESULTS: Chicago PMI data will be released 15min after the open. Nat. Gas data will be released 60min after the open. The ES went higher, but reversed early with the extremely weak NQ, which shows that it’s slowing. If the NQ reverses, however, watch fo the ES to rally again & the YM go for 24,000.

 

(HVA)Support =     2602.00 to 00.50, 2598.75 to 96.75, 2582.00 to 80.00

(HVA)Resistance = 2623.50 to 27.00 … 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 66

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 no bullish bias with a “trending” profile.

 

ATTEMPTED PERFORMANCE:

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

Today           (1.488 million) … HIGHER vs. the prior day

5-day Avg.   (0.924 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 much better volume.

Monthly Trend = Bullish

Weekly Trend = Bullish

Daily Trend = Bullish

                                                                                                                                

POTENTIAL RESULTS: Pending Home Sales data will be released 30min after the open, as well as Janet Yellen speaking Congress. Oil data will be released 60min after the open and the Fed’s Beige Book at 2pm ET. Given the VA placement, width, and volume, the market should extend higher Tuesday. After MASSIVE moves like yesterday, however, it is very normal to see an inside day.

 

(HVA)Support =     2602.00 to 00.50, 2598.75 to 96.75, 2582.00 to 80.00

(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 59

ATTEMPTED DIRECTION:        BUYER    or    SELLER

1) Rotation                                                   Seller

2) Range Extension                                      Seller

3) Public went home as a…                         Neither

4) Buying-Selling Tails                                Both

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           (0.712 million) … HIGHER vs. the prior day

5-day Avg.   (0.780 million) … LOWER vs. the average

2) Value Area: Outside

       

3) VA Width: Wider

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

Monthly Trend = Bullish

Weekly Trend = Bullish

Daily Trend = Bullish

                                                                                                                                

POTENTIAL RESULTS: Consumer Confidence data will be released 30min after the open, as well as Jerome Powell speaking in his confirmation hearing. The market started the week very slowly and should pick up Tues and Wed. On Wed, Yellen speaks to the Senate.

 

(HVA)Support =     2598.75 to 96.75, 2582.00 to 80.00, 2578.25 to 75.25

(HVA)Resistance = 2600.50 to 02.00 … 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 66

ATTEMPTED DIRECTION:        BUYER    or    SELLER

1) Rotation                                                   Buyer

2) Range Extension                                      Neither

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 “neutral” profile.

 

ATTEMPTED PERFORMANCE:

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

Today           (0.412 million) … LOWER vs. the prior day

5-day Avg.   (0.868 million) … LOWER vs. the average

2) Value Area: Higher

       

3) VA Width: Narrower

COMMENTS:  The VA placement was higher but narrower vs. the previous day’s VA with lower volume in the ½-day.

Monthly Trend = Bullish

Weekly Trend = Bullish

Daily Trend = Bullish

                                                                                                                                

POTENTIAL RESULTS: New Home Sales data will be released 30min after the open. Given the holiday closure and ½-day Friday, it’s difficult to assess how the market will start the week. Unless the Asian or European markets are very weak, it should continue even higher.

 

(HVA)Support =     2598.75 to 95.50, 2582.00 to 80.00, 2578.25 to 75.25

(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 74

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 variation” profile.

ATTEMPTED PERFORMANCE:

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

Today           (1.095 million) … HIGHER vs. the prior day

5-day Avg.   (1.306 million) … LOWER 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 slightly better volume.

Monthly Trend = Bullish

Weekly Trend = Bullish

Daily Trend = Bullish                                                                                                                               

POTENTIAL RESULTS: Consumer Sentiment data will be released 30min after the open. Oil and Nat Gas storage data will come out 10:30am and 12pm ET.  FOMC Minutes will come out at 2pm ET. The ES made new record highs and formed a “p” distribution, which suggests short covering and not strong new buying and therefore could lead to weakness. But once it opens, it can only go up, right? After 2,600.00 – now what?

(HVA)Support =     2582.00 to 80.00, 2578.25 to 72.50, 2568.50 to 66.75

(HVA)Resistance = 2597.25 to 98.75 … 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 49

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                    Neither

ATTEMPTED DIRECTION: …Bullish

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

ATTEMPTED PERFORMANCE:

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

Today           (0.959 million) … LOWER vs. the prior day

5-day Avg.   (1.291 million) … LOWER 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 lower volume.

Monthly Trend = Bullish

Weekly Trend = Bullish

Daily Trend = Bullish                                                                                                                            

POTENTIAL RESULTS: Existing Home Sales data will be released 30min after the open.  The ES is very close to a new record high, so watch for early strength again. Would traders want to brag about new all-time highs over turkey dinner on Thursday?

(HVA)Support =     2578.25 to 72.50, 2568.50 to 66.75 … none

(HVA)Resistance = 2580.00 to 83.00 … 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 97

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                    Neither

ATTEMPTED DIRECTION: …Bearish

Comments:  This shows a bearish bias with a “neutral” profile

ATTEMPTED PERFORMANCE:

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

Today           (1.167 million) … LOWER vs. the prior day

5-day Avg.   (1.332 million) … LOWER vs. the average

2) Value Area: Overlapping-to-lower

3) VA Width: Narrower

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

Monthly Trend = Bullish

Weekly Trend = Bullish

Daily Trend = Bullish                                                                                                                          

POTENTIAL RESULTS: LEI data will be released 30min after the open.  The ES is very close to a new record high, so watch for early strength.

(HVA)Support =     2578.25 to 72.50, 2568.50 to 66.75 … none

(HVA)Resistance = 2580.00 to 83.00 … 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.

0 106

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 “trending” profile.

 

ATTEMPTED PERFORMANCE:

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

Today           (1.461 million) … LOWER vs. the prior day

5-day Avg.   (1.308 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 lower volume.

Monthly Trend = Bullish

Weekly Trend = Bullish

Daily Trend = Bullish

                                                                                                                                

POTENTIAL RESULTS: No economic data will be released after the open; however, John Williams of the Fed will speak at 12:45 ET.

 

(HVA)Support =     2584.00 to 81.50, 2578.25 to 72.25, 2568.50 to 66.75

(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 83

ATTEMPTED DIRECTION:        BUYER    or    SELLER

1) Rotation                                                   Seller

2) Range Extension                                      Buyer

3) Public went home as a…                         Neither

4) Buying-Selling Tails                                Both

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           (1.868 million) … HIGHER vs. the prior day

5-day Avg.   (1.454 million) … HIGHER vs. the average

2) Value Area: Lower

       

3) VA Width: Wider

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

Monthly Trend = Bullish

Weekly Trend = Bullish

Daily Trend = Bearish

                                                                                                                                

POTENTIAL RESULTS: HMI data will be released 30min after the open. The data are all weak and should lead to lower prices soon.

 

(HVA)Support =     2568.50 to 66.75, 2555.75 to 53.00 … none

(HVA)Resistance = 2572.25 to 73.50, 2575.25 to 78.25, 2580.00 to 84.00

* 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                    Neither

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           (1.020 million) … UNCHANGED vs. the prior day

5-day Avg.   (1.285 million) … LOWER vs. the average

2) Value Area: Lower

       

3) VA Width: Wider

COMMENTS:  The VA placement was lower and wider vs. the previous day’s VA with unch’d volume.

Monthly Trend = Bullish

Weekly Trend = Bullish

Daily Trend = Bearish

                                                                                                                                

POTENTIAL RESULTS: Business Inventories data will be released 30min after the open and Oil storage data 60min after the open. Surprisingly, the weakness persists.

 

(HVA)Support =     2568.50 to 66.75, 2555.75 to 53.00 … none

(HVA)Resistance = 2572.25 to 73.50, 2575.25 to 78.25, 2580.00 to 84.00

* 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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