ATTEMPTED DIRECTION: BUYER or SELLER
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
ATTEMPTED DIRECTION: …Bearish
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.
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