ATTEMPTED DIRECTION: BUYER or SELLER
1) Rotation Buyer
2) Range Extension Both
3) Public went home as a… Buyer
4) Buying-Selling Tails Buyer
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 (2.191 million) … HIGHER vs. the prior day
5-day Avg. (1.211 million) … HIGHER vs. the average
2) Value Area: Lower
3) VA Width: Wider
COMMENTS: The VA placement was lower and wider vs. the previous day’s VA with MUCH larger volume.
Monthly Trend = Bullish
Weekly Trend = Bullish
Daily Trend = Bearish
POTENTIAL RESULTS: Consumer Sentiment data will be released 30min after the open. Yesterday’s volatility put in a possible reversal day because the value area was entirely lower & wider than Thur’s – with huge confirming volume. The wild card, however, is always that central bankers may choose to stop it at a moment’s notice.
(HVA)Support = 2573.50 to 72.25, 2568.50 to 66.75, 2555.50 to 51.75
(HVA)Resistance = 2477.50 to 78.25, 2581.75 to 84.50 … 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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