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 bias with a “double distribution” profile.
VOLUME & VALUE AREA:
1) Today’s ES volume compared to prior day & 5-day average
Today (1.979 million) … HIGHER vs. the prior day
5-day Avg. (2.455 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 better volume.
Monthly Trend = Bullish
Weekly Trend = Bearish
Daily Trend = Bullish
POTENTIAL RESULTS: HMI will be released 30 min after the open, as well as Nat Gas data 60 min after the open. Expect more volatility Thursday.
(HVA)Support = … none
(HVA)Resistance = 2759.50 to 62.00, 2781.50 to 85.00, 2792.00 to 96.00
* Indicates important “chart levels” that are not HVAs.
Please use the pivot calculator in the “shared folder” for all of today’s pivots.
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