Home Futures Notes from the Pit 02-28-18

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1) Rotation                                                   Seller

2) Range Extension                                      Seller

3) Public went home as a…                         Seller

4) Buying-Selling Tails                                Both

5) Open in Bull or Bear Range                    Seller


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



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

Today           (1.661 million) … HIGHER vs. the prior day

5-day Avg.   (1.421 million) … HIGHER 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 much better volume.


Monthly Trend = Bullish

Weekly Trend = Bearish

Daily Trend = Bullish


POTENTIAL RESULTS: Chicago PMI and Pending Home Sales data will be released 15 & 30min after the open. Oil storage data will be released 60 min after the open. The recent low-volume move up ended yesterday with J. Powell’s statements. If it continues, there could be further weakness to the 2700.00 area.


(HVA)Support =     2740.50 to 38.75, 2720.00 to 15.00, 2699.00 to 97.00

(HVA)Resistance = 2758.75 to 62.50, 2771.25 to 73.00, 2822.25 to 24.25

* 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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