ATTEMPTED DIRECTION: BUYER or SELLER
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
ATTEMPTED DIRECTION: …Bearish
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.
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