ATTEMPTED DIRECTION: BUYER or SELLER
1) Rotation Buyer
2) Range Extension Both
3) Public went home as a… Seller
4) Buying-Selling Tails Seller
5) Open in Bull or Bear Range Neither
ATTEMPTED DIRECTION: …Mixed
Comments: This shows no bias with a “normal” profile.
VOLUME & VALUE AREA:
1) Today’s ES volume compared to prior day & 5-day average
Today (1.554 million) … HIGHER vs. the prior day
5-day Avg. (1.593 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 better volume.
Monthly Trend = Bullish
Weekly Trend = Bearish
Daily Trend = Bearish
POTENTIAL RESULTS: No direct economic data will be released after the open. Nat gas and oil storage will come out 60 & 90 min after the open respectively. Yesterday’s VERY weak close suggests more weakness Thursday.
(HVA)Support = 2674.00 to 71.50, 2664.00 to 60.00, 2655.00 to 52.00
(HVA)Resistance = 2697.00 to 99.00, 2738.50 to 40.75, 2759.50 to 62.00
* 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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