Home Futures Trading Advantage Futures – Notes from the Pit 02-06-18

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1) Rotation                                                   Seller

2) Range Extension                                      Seller

3) Public went home as a…                         Seller

4) Buying-Selling Tails                                Seller

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           (3.769 million) … HIGHER vs. the prior day

5-day Avg.   (2.288 million) … HIGHER vs. the average

2) Value Area: Lower


3) VA Width: Wider

COMMENTS:  The VA placement was lower and wider vs. the previous day’s VA with higher volume.


Monthly Trend = Bullish

Weekly Trend = Bearish

Daily Trend = Bearish


POTENTIAL RESULTS: No economic data will be released after the open. The market took a very bearish turn Friday that accelerated Monday. Be careful Tuesday.


(HVA)Support =     … none

(HVA)Resistance = 2744.50 to 47.75, 2755.50 to 57.50, 2781.50 to 87.50

* 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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