Home Futures Trading Advantage Futures – Notes from the Pit 01-03-18

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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                    Neither


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



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

Today           (0.950 million) … LOWER vs. the prior day

5-day Avg.   (0.695 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 lower volume.


Monthly Trend = Bullish

Weekly Trend = Bullish

Daily Trend = Bullish


POTENTIAL RESULTS: ISM Mfg and Construction Spending data will be released 30min after the open, with the FOMC Minutes at 2pm ET. It looks like the market insists on trading Dow 25,000 early in 2018.


(HVA)Support =     2689.00 to 84.00, 2678.00 to 76.50, 2672.00 to 70.00

(HVA)Resistance = 2694.00 to 96.00 … 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!


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