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 “normal variation” profile.
1) Today’s ES volume compared to prior day & 5-day average
Today (1.091 million) … LOWER vs. the prior day
5-day Avg. (1.222 million) … LOWER vs. the average
2) Value Area: Higher
3) VA Width: Narrower
COMMENTS: The VA placement was higher but narrower vs. the previous day’s VA with lower volume, which normally is not very strong.
Monthly Trend = Bullish
Weekly Trend = Bullish
Daily Trend = Bullish
POTENTIAL RESULTS: No economic data is scheduled for Tuesday. There is no resistance b/c it’s at new ATHs, and although it is very slow, it just keeps going higher.
(HVA)Support = 2505.50 to 02.00, 2497.75 to 92.75 … none
(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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