ATTEMPTED DIRECTION: BUYER or SELLER
1) Rotation Buyer
2) Range Extension Buyer
3) Public went home as a… Buyer
4) Buying-Selling Tails Neither
5) Open in Bull or Bear Range Neither
ATTEMPTED DIRECTION: …Bullish
Comments: This shows a bullish bias with a “normal” profile.
1) Today’s ES volume compared to prior day & 5-day average
Today (0.959 million) … LOWER vs. the prior day
5-day Avg. (1.123 million) … LOWER vs. the average
2) Value Area: Overlapping-to-higher
3) VA Width: Unchanged
COMMENTS: The VA placement was overlapping-to-higher and unchanged vs. the previous day’s VA with lower volume.
Monthly Trend = Bullish
Weekly Trend = Bullish
Daily Trend = Bullish
POTENTIAL RESULTS: No economic data will be released after the open. There was a lot of volatility last week and I believe it will continue Monday.
(HVA)Support = 2573.50 to 72.25, 2568.25 to 67.00, 2553.75 to 52.75
(HVA)Resistance = 2581.75 to 84.25 … 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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