Home Futures Trading Advantage Futures – Notes from the Pit 10/11/17

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1) Rotation                                                   Seller

2) Range Extension                                      Seller

3) Public went home as a…                         Neither

4) Buying-Selling Tails                                Seller

5) Open in Bull or Bear Range                    Neither


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



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

Today           (1.119 million) … HIGHER vs. the prior day

5-day Avg.   (0.988 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 low volume.

Monthly Trend = Bullish

Weekly Trend = Bullish

Daily Trend = Bullish


POTENTIAL RESULTS: No major economic data will be released after the open; however, the Fed minutes of its last meeting will be released at 2pm ET and could move the markets.


(HVA)Support =     2536.50 to 34.25, 2532.00 to 30.25, 2505.50 to 02.00

(HVA)Resistance = 2543.50 to 49.25 … 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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