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DTs Pre Market Prep

  #1111 (permalink)
 
Jigsaw Trading's Avatar
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1st November

Happy FOMC day....



Not much movement yesterday but then it is FOMC today. Not that any real changes are expected but I guess the market needs to rest ahead of it and then have it's little fling when the announcement comes...



Not much to see in the profile yet - expected when waiting for the FOMC



Plan
- Look for opening trade as it could be choppy after
- Low expectation day going into FOMC - volatility afterwards.
- will watch the first 30 mins - if no activity, no trading

Weekly Numbers
Range - 2565.50 -> 2578.25
Value - 2570.50 -> 2576.50
S1 - 2553.25, R1 - 2592.50

Daily Numbers
Range - 2565.75 / 2569 -> 2575.50
Value - 2572.25 -> 2574.75
Globex - 2571 -> 2581.50

Settlement – 2583.50

Today only 2568, 2571

Long Term Levels - 2292.50, 2318.50, 2400.50, 2413.75, 2479.25, 2507.50, 2550.75

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  #1112 (permalink)
 
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2nd November



We had a nice push to new highs and nnow back into range. Still looking for signs of weakness to take us back to 2540.



We've had a push down overnight but got most of it back. Looking to hold yesterdays low/value low on any move up. Above that my bearish argument breaks down a little.

Plan
- early trade on
- look for signs of weakness for continuation to the botton of the range
- look for longs if we trade above 75

Platform crashed! Can't get the levels today...

Settlement – 2574.75

Long Term Levels - 2292.50, 2318.50, 2400.50, 2413.75, 2479.25, 2507.50, 2550.75

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  #1113 (permalink)
 
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3rd November



Well - we've had plenty of attempts to push down off the top of our presumed range. We had a good push down yesterday and great momentum but buyers quickly jumped in. So an open mind today



A very evenly distributed profile so far this week. We are now at the top of that around 78.50 - definitely bullish above that, expecting churn down to 66 if we can't break 78.50.



Great push down through the overnight low and then a spring back up. No movement overnight though.

Plan
- open minded
- longs above 78.50
- shorts below until we get to 66, then watching to see if the bottom of the profile holds
- follow the volatility basically - but open minded 'cause it has been fast-slow-fast-slow etc. of late

Weekly Numbers
Range - 2562.25 -> 2585.50
Value - 2568.25 -> 2577.25
S1 - 2553.25, R1 - 2592.50

Daily Numbers
Range - 2562.25 -> 2578.25
Value - 2569 -> 2575
Globex - 2576 -> 2579.25

Settlement – 25878.25

Long Term Levels - 2292.50, 2318.50, 2400.50, 2413.75, 2479.25, 2507.50, 2550.75

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  #1114 (permalink)
 ShaunG 
Cape Town/South Africa
 
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So much for the “quiet” (FOMC) day yesterday! Nice move to the downside from the open! If I am correct, I counted “12” handles to the down side before the bounce back up to finish back near where we opened. Regarding today, I agree thigs are still looking very bullish!

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  #1115 (permalink)
 
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6th November



Watching to see if this is just range extension or the market wanting to move up. Can't tell either way, so no assumptions going into today.



Last weeks profile doesn't help that much - we do have one main distribution, so let's put the low of it 67.75 on the radar. We already ignored the high of it overnight.



So far overnight we've managed to just retract Fridays day session. So watch the overnight/Friday extremes into today

Plan
- No bias going into today
- Eyes out for an open trade in case it slows down through indecision
- Looking to jump on any volume moves, especially downside as I think we'll have some good volume if a down move becomes apparent.
- Not that hopeful of many people joining a pop up

Weekly Numbers
Range - 2562.25 -> 2585.50
Value - 2569.25 -> 2578.75

Daily Numbers
Range - 2573.50 -> 2585.50
Value - 2577 -> 2585.50
Globex - 2575.50 -> 2584.75

Settlement – 2582.75

Long Term Levels - 2292.50, 2318.50, 2400.50, 2413.75, 2479.25, 2507.50, 2550.75

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  #1116 (permalink)
 
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7th November



Market did move up on low volume. As expected yesterday, we didn't expect much excitement to the upside. If we do continue up though - we may have people feeling they are missing out - so watch for any upside volume today.



Nothing of note on the weekly profiles at the moment.



We've continued up a little overnight - but only about a 6 point range. Yesterdays value low we hit 3 times (2585.25) - so eyes on that today.

Plan
- early trade on (may chop later)
- watch the usual levels for regular speculator behavior
- expect chop to the upside until it 'clicks' that traders might be missing out - cautiously join when they do
- downside runs still more likely to show excess than upside, so scale into any volume downside moves

Weekly Numbers
Range - 2562.25 -> 2585.50
Value - 2569.25 -> 2578.75

Daily Numbers
Range - 2575.50 / 2582.25 -> 2590
Value - 2585.25 -> 2588.75
Globex - 2587.50 -> 2593.50

Settlement – 2590.75

Today only - 2595.50

Long Term Levels - 2292.50, 2318.50, 2400.50, 2413.75, 2479.25, 2507.50, 2550.75

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  #1117 (permalink)
 
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8th November



New all time high and then we dropped off again. Mixed signals with no clear direction. As per yesterday the downside seems to be a lot more interesting to traders


Quoting 
downside runs still more likely to show excess than upside, so scale into any volume downside moves



A very typical range indicating profile - be wary short below 2580 as there's a possible fade trade on there.



Also an eye on 87.50 the late pullback. Note that yesterday we bounced at - overnight high vol area, overnight high, prior day VAH, prior day VAL. So market is definitely doing the dance....

Plan

- No real bias
- early trade on (may chop later)
- watch the usual levels for regular speculator behavior
- wary at 87.50 and 80.00 - no trades between 87.50 and 80.00
- downside runs still more likely to show excess than upside, so scale into any volume downside moves

Weekly Numbers
Range - 2575.50 -> 2593.50
Value - 2580.50 -> 2589.50

Daily Numbers
Range - 2580.75 -> 2593.50
Value - 2582.50 -> 2588.75
Globex - 2579.85 -> 2587.50

Settlement – 2586.75

Today only - 2587.50

Long Term Levels - 2292.50, 2318.50, 2400.50, 2413.75, 2479.25, 2507.50, 2550.75

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  #1118 (permalink)
 
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9th November



Market still edging up - without much excitement. Downside moves still showing more exitement.



As per yesterday - a very "D" shaped profile - which indicated rangebound behavior. Yesterday we poked through the low of the major distribution (2580 as per yesterdays prep) and from there moved the top of it overnight - so all other things equal - looking to test 2580 area again before rolling back up.



Looking back at the past 3 sessions, it's going to be harder to engage between 80 and 90 as we've been over it so many times.

Plan
- Look for a trade off the open
- After 15 mins, no trades between 80 and 90. Look for fades/breaks at those prices.
- No, really... nothing between 80 and 90 ;-)

Weekly Numbers
Range - 2575.50 -> 2594.50
Value - 2582 -> 2591

Daily Numbers
Range - 2579.75 / 2581.50 -> 2592.50
Value - 2582.50 -> 2590
Globex - 2584.50 -> 2594.50

Settlement – 2591

Long Term Levels - 2292.50, 2318.50, 2400.50, 2413.75, 2479.25, 2507.50, 2550.75

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  #1119 (permalink)
 
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Veterans day - no trading today!

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  #1120 (permalink)
 
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13th November



Not a very clean move here. Plenty of room for lots of differences of opiinion. So looking for signs of clarity.



Beautiful D shaped profile last week. Nice to look at, usually ugly to trade. Looking to take trades outside the bulk of tha - say 75-92.



Very small range on Friday which was a bank holiday. Really market was all over the place last week.


Plan
- Look for a trade off the open
- After 15 mins, no trades between 75 and 92. Look for fades/breaks at those prices.
- Also - eyes on any breakdowns as downside is where all the momentum has been
- likely a wait & see day as it's quite unclear.

Weekly Numbers
Range - 2563.25 -> 2594.50
Value - 2578.25-> 2591

Daily Numbers
Range - 2571.50 / 2573 -> 2581.75 / 2585.75
Value - 2574.75 -> 2579.25
Globex - 2576.50 -> 2584.50

Settlement – 2578

Long Term Levels - 2292.50, 2318.50, 2400.50, 2413.75, 2479.25, 2507.50, 2550.75

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Last Updated on January 7, 2019


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