Home Futures Trading Advantage – Notes from the Pit 12-29-17

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1) Rotation                                                   Seller

2) Range Extension                                      Seller

3) Public went home as a…                         Neither

4) Buying-Selling Tails                                Seller

5) Open in Bull or Bear Range                    Seller


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


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

Today           (0.508 million) … LOWER vs. the prior day

5-day Avg.   (0.571 million) … LOWER vs. the average

2) Value Area: Inside

3) VA Width: Narrower

COMMENTS:  The VA placement was inside and narrower vs. the previous day’s VA with lower (holiday) volume.

Monthly Trend = Bullish

Weekly Trend = Bullish

Daily Trend = Bearish                                                                                                                              

POTENTIAL RESULTS: No economic data will be released after the open. This week should be (and was) very slow.

(HVA)Support =     2672.00 to 66.75, 2661.00 to 59.25, 2657.00 to 55.75

(HVA)Resistance = 2684.25 to 88.75, 2694.00 to 97.00 … 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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