Home Futures Trading Advantage Futures – Notes from the Pit 01-04-18

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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                    Buyer


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



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

Today           (1.058 million) … HIGHER vs. the prior day

5-day Avg.   (0.836 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 higher volume.


Monthly Trend = Bullish

Weekly Trend = Bullish

Daily Trend = Bullish


POTENTIAL RESULTS: PMI Services, Nat Gas and Oil storage data will be released 15, 60, and 90-min after the open. It looks like the market insists on trading Dow 25,000 early in 2018; will it happen today?


(HVA)Support =     2696.00 to 94.00, 2689.00 to 84.00, 2678.00 to 76.50

(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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