ATTEMPTED DIRECTION: BUYER or SELLER
1) Rotation Buyer
2) Range Extension Both
3) Public went home as a… Neither
4) Buying-Selling Tails Buyer
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 (1.602 million) … LOWER vs. the prior day
5-day Avg. (1.551 million) … HIGHER vs. the average
2) Value Area: Overlapping-to-higher
3) VA Width: Unchanged
COMMENTS: The VA placement was overlapping-to-higher but unchanged vs. the previous day’s VA with lower volume.
Monthly Trend = Bullish
Weekly Trend = Bullish
Daily Trend = Bearish
POTENTIAL RESULTS: Consumer Sentiment and Factory Order data will be released 30 min after the open. The monthly jobs number, however, will come out before the open. The market is caught in a balancing zone. Which way will it break out?
(HVA)Support = 2824.25 to 22.00, 2806.00 to 99.50, 2787.50 to 81.50
(HVA)Resistance = 2825.75 to 29.00, 2833.50 to 36.00, 2838.25 to 41.25
* 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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