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 no bullish bias with a “trending” profile.
1) Today’s ES volume compared to prior day & 5-day average
Today (1.488 million) … HIGHER vs. the prior day
5-day Avg. (0.924 million) … HIGHER vs. the average
2) Value Area: Higher
3) VA Width: Wider
COMMENTS: The VA placement was higher and wider vs. the previous day’s VA with much better volume.
Monthly Trend = Bullish
Weekly Trend = Bullish
Daily Trend = Bullish
POTENTIAL RESULTS: Pending Home Sales data will be released 30min after the open, as well as Janet Yellen speaking Congress. Oil data will be released 60min after the open and the Fed’s Beige Book at 2pm ET. Given the VA placement, width, and volume, the market should extend higher Tuesday. After MASSIVE moves like yesterday, however, it is very normal to see an inside day.
(HVA)Support = 2602.00 to 00.50, 2598.75 to 96.75, 2582.00 to 80.00
(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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