Home Futures Trading Advantage Futures – Notes from the Pit 12-01-17

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1) Rotation                                                   Buyer

2) Range Extension                                      Buyer

3) Public went home as a…                         Neither

4) Buying-Selling Tails                                Both

5) Open in Bull or Bear Range                    Buyer


Comments:  This shows a mildly bullish bias with a “normal” profile.



1) Today’s ES volume compared to prior day & 5-day average

Today           (2.247 million) … HIGHER vs. the prior day

5-day Avg.   (1.328 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 better volume.


Monthly Trend = Bullish

Weekly Trend = Bullish

Daily Trend = Bullish


POTENTIAL RESULTS: PMI Mfg and ISM Mfg data will be released 15 & 30min after the open. The market is still wildly bullish as the tax proposal is closer to becoming law. Is it priced in yet?


(HVA)Support =     2627.75 to 23.50, 2602.00 to 00.50, 2598.75 to 96.75

(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.

…  Follow @NoteFromThePit for important tradable news tweets!


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