Home Futures Trading Advantage Futures – Notes from the Pit 12-05-17

0 127


1) Rotation                                                   Seller

2) Range Extension                                      Seller

3) Public went home as a…                         Seller

4) Buying-Selling Tails                                Seller

5) Open in Bull or Bear Range                    Seller


Comments:  This shows a bearish bias with a “trending” profile.



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

Today           (1.588 million) … LOWER vs. the prior day

5-day Avg.   (2.052 million) … LOWER vs. the average

2) Value Area: Overlapping-to-higher


3) VA Width: Narrower

COMMENTS:  The VA placement was overlapping-to-higher but narrower vs. the previous day’s VA with lower volume. This does not confirm the higher early prices.


Monthly Trend = Bullish

Weekly Trend = Bullish

Daily Trend = Bullish


POTENTIAL RESULTS: PMI & ISM Services data will be released 15 & 30min after the open. The market should stay volatile but slow a bit, unless the market drops Tuesday. Monday’s early ATH prices were not confirmed by the lame VA width and lower volume.


(HVA)Support =     2626.75 to 23.50, 2602.00 to 00.50, 2598.75 to 96.75

(HVA)Resistance = 2637.50 to 39.00, 2641.25 to 42.50 … none

* Indicates important “chart levels” that are not HVAs.

Please use the pivot calculator in the “shared folder” for all of today’s pivots.

…  Follow @NoteFromThePit for important tradable news tweets!


IMPORTANT NOTICE: Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. Nothing in our website shall be deemed a solicitation or an offer to Buy/Sell futures and/or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our site. Also, the past performance of any trading methodology is not necessarily indicative of future results.


DAY TRADING involves high risks and YOU can LOSE a lot of money. These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.



Leave a Reply