ATTEMPTED DIRECTION: BUYER or SELLER
1) Rotation Buyer
2) Range Extension Both
3) Public went home as a… Buyer
4) Buying-Selling Tails Neither
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 (0.813 million) … LOWER vs. the prior day
5-day Avg. (1.162 million) … LOWER vs. the average
2) Value Area: Higher
3) VA Width: Unchanged
COMMENTS: The VA placement was higher but unchanged 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: PMI Services, ISM Services and Oil storage will be released 15, 30, and 60min after the open. Bullard & Yellen speak at 3 & 3:15pm ET. 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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