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 bullish bias with a “trending” profile.
VOLUME & VALUE AREA:
1) Today’s ES volume compared to prior day & 5-day average
Today (0.978 million) … LOWER vs. the prior day
5-day Avg. (1.047 million) … LOWER 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 lower volume.
Monthly Trend = Bullish
Weekly Trend = Bullish
Daily Trend = Bullish
POTENTIAL RESULTS: Business Inventories data will be released 30min after the open. The market is still bullish, because it will open tomorrow.
(HVA)Support = 2747.75 to 46.00, 2743.00 to 40.00, 2726.50 to 23.75
(HVA)Resistance = … none
* 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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