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