ATTEMPTED DIRECTION: BUYER or SELLER
1) Rotation Buyer
2) Range Extension Buyer
3) Public went home as a… Buyer
4) Buying-Selling Tails Neither
5) Open in Bull or Bear Range Buyer
ATTEMPTED DIRECTION: …Bullish
Comments: This shows no bias with a “normal” profile.
1) Today’s ES volume compared to prior day & 5-day average
Today (1.077 million) … LOWER vs. the prior day
5-day Avg. (1.241 million) … HIGHER 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 less volume.
Monthly Trend = Bullish
Weekly Trend = Bullish
Daily Trend = Bullish
POTENTIAL RESULTS: Chicago PMI and Consumer Sentiment data will be released 15 & 30min after the open. Friday is the close of the month and the QUARTER, so there may be more window dressing ahead (higher $).
(HVA)Support = 2505.50 to 02.00, 2498.00 to 91.25 … none
(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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