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DTs Pre Market Prep


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DTs Pre Market Prep

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13th February



Still looking for more upside and still would like to see a pullback to the top of the old range(s) to give us the best upside move. So looking at 2295-2299 for a pullback and if that fails, for us to carry on in the old range.



Also looking for a pullback to 2303.25. Below that, there's not much trade so also looking for a swift move down if 03.25 breaks.



We did hold 2312 late on Friday, while that's close it has held overnight. So again this is potentially an area we could move up from but I see it as lower probability. Also watching the usual levels today too.

Plan
- On a move down, watching for a hold to then bring in buyers - 2312 (low probability), 03.15 and 95-99
- On a move up without a downside test, go with but be aware for low participation
- Look to play a drop through 03.25 to the downside

Weekly Numbers
Range - 2281 -> 2315.75
Value 2284 -> 2294
S1 - 2290.75, R1 - 2325.50

Daily Numbers
Range 2303 / 2306.25 -> 2315.75
Value 2309.50 -> 2315
Globex 2313.25 -> 2318

Settlement 2312.75

Today Only - 2295.25 & 2299.75, 2303.15, 2312

Key Levels 2178.75, 2129.50 , 2099.75, 2084, 2078.75, 2000.75, 1945.5,1898.75,1812.5,1783.5

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14th October



Market still up on low volume. No test to the downside, so not much participation to the upside. Or rather, not much excitement in the move up. Still long biased but expecting grind until we get a test. Still watching 95-99 below.



Still an eye on 03.25 below us and still expecting market to accelerate if that breaks to the downside.



Other that that, yesterdays prep would be fine for today. Nothing to see from the daily profiles.


Plan
- On a move down, watching for a hold to then bring in buyers - 2312 (low probability), 03.15 and 95-99
- On a move up without a downside test, go with but be aware oflow participation and a dull move
- Look to play a drop through 03.25 to the downside

Weekly Numbers
Range - 2281 -> 2315.75
Value 2284 -> 2294
S1 - 2290.75, R1 - 2325.50

Daily Numbers
Range 2313.25 / 2318.50 -> 2329
Value 2321-> 2326.50
Globex 2323.25 -> 2327.50

Settlement 2326.25

Today Only - 2295.25 & 2299.75, 2303.15, 2312

Key Levels 2178.75, 2129.50 , 2099.75, 2084, 2078.75, 2000.75, 1945.5,1898.75,1812.5,1783.5

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15th February



A slight uptick in volume yesterday. We did finally get a move down and on the way up, we got decent participation to the upside and a better move. I'm in 2 minds about whether that's all we need in terms of a pullback, so today I just want to see how things develop.



Not too much to read into the weekly profile at this point - we do have an area of higher volume below us at 2327. Again, I feel I might be clutching at straws a little bit here though.



And if we look on the dailies, we can see here that the 27-28 area might be significant. We have been looking for a downside test but to a stronger level. We said we'd expect a stronger move up if that occurred. Now we've had a test to a weaker level and moved up strongly. So I'm a little wary of thinking this strong move up will carry on for a few days.

Plan
- Biased upside - but unsure whether we need a stronger downside test to keep long speculators comfortable
- Watching yesterdays levels (high/low/value) as well as 27-28 for a test
- No opinion on downside moves right now, not sure where to join them with the information available at this point

Weekly Numbers
Range - 2313.25 -> 2340
Value 2314.25 -> 2328.75
S1 - 2290.75, R1 - 2325.50

Daily Numbers
Range 2319.75 -> 2335.75
Value 2323.50 -> 2335.50
Globex 2334.25 -> 2340

Settlement 2337

Today Only - 2295.25 & 2299.75, 2303.15, 2312

Key Levels 2178.75, 2129.50 , 2099.75, 2084, 2078.75, 2000.75, 1945.5,1898.75,1812.5,1783.5

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17th Feb

Feeling sick the past few days - giving trading a miss...

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DionysusToast View Post
17th Feb

Feeling sick the past few days - giving trading a miss...

Get well soon.

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Well - back at it - but it's now half term - so I'll be back Wed/Thu.

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23rd February



Volume still fairly light and the markets still heading upside although we've stalled the past few days. Got an eye on 2336 below if we do pull back. As before - this slow march up isn't going to attract a lot of speculative day trading in my opinion, not until we pull back or form a range.



Monday was a holiday and Tuesday/Wednesday built the upper distribution, so going into today our first scenario is that we continue to rotate around that.



And not much from the daily profiles to disagree with that assessment.

Plan
- Presume range week from the open - shorts above 2363, longs below 2355
- Look for an early trade off the open
- Play continuations on any break as long as there's no sign of a headfake

Looks like a fairly simple and unrewarding day ahead!

Weekly Numbers
Range - 2346-> 2365
Value 2353 -> 2363.50

Daily Numbers
Range 2355.25 / 2355.75 -> 2363.25 /2363.75
Value 2358.75 -> 2361.75
Globex 2359 -> 2363.75

Settlement 2362.25

Today Only - 2355, 2363

Key Levels 2178.75, 2129.50 , 2099.75, 2084, 2078.75, 2000.75, 1945.5,1898.75,1812.5,1783.5

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24th February



Same deal - average volume, market moving sideways.



We are still rotating around the upper distribution and so we'll presume that's intact.



yesterday we had:


Quoting 
Presume range week from the open - shorts above 2363, longs below 2355

And we did probe through that range both sides yesterday, so whilst we don't want to be overconfident, we'll look for the same today.

Plan
- Presume range week from the open - shorts above 2363, longs below 2355
- Look for an early trade off the open
- Play continuations on any break as long as high volume & there's no sign of a headfake

Weekly Numbers
Range - 2346-> 2367.50
Value 2354.50 -> 2364.50

Daily Numbers
Range 2353 -> 2366.75 / 2367.50
Value 2358 -> 2364.50
Globex 2355.50 -> 2363.50

Settlement 2362.75

Today Only - 2355, 2363

Key Levels 2178.75, 2129.50 , 2099.75, 2084, 2078.75, 2000.75, 1945.5,1898.75,1812.5,1783.5

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27th February



No great shock that we didn't break out on Friday. So today we have to assess whether or not we are falling back into last weeks range, putting in a move or just making a new range for this week.



We can see the big distribution from last week and we can say the bulk of trade was between 2355 and 2363.50 - although neither of those extremes should be considered 'precise'. Into the open, I'm looking for the market to stay above 63.50 and if not, expecting us to carry in in the 55-63.50 range.

If we can hold above, I'm looking for price progression upwards, otherwise expecting us to mark out another small range for the week.



Not much to say about the daily profile - a whole lot of sideways and a pop that needs to hold or not!

And we did probe through that range both sides yesterday, so whilst we don't want to be overconfident, we'll look for the same today.

Plan
- Look for a long on a test of 63.50
- if 63.50 doesn't hold - look for the 55-63.50 range to continue
- Take an early trade as it's still not looking like we have much volatility
- let the market play out if we move straight up, especially if volume is weak

Weekly Numbers
Range - 2346-> 2367.50
Value 2354 -> 2364.50
S1 - 2355.25, R1 - 2370.50

Daily Numbers
Range 2349.50 / 2351.50 -> 2365.75
Value 2355.50 -> 2360
Globex 2362.50 -> 2370

Settlement 2365.25

Today Only - 2355, 2363.50

Key Levels 2178.75, 2129.50 , 2099.75, 2084, 2078.75, 2000.75, 1945.5,1898.75,1812.5,1783.5

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28th Feb

No trading today!


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