S&P Daily Pre-Market Prep 3/20/17

Posted by Peter Davies on March 20, 2017

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I'm on the lookout for us developing to a range. Looking at 2351.50-2398 potentially.

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We have 2 distributions from last week, I have my eye on the outer extremes of both of those distributions, 2366 & 2380.75.

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n the daily profiles, we appear to be in a move down.

Plan
- Watching for a range 51.50-98.
- Also watching 66 & 80.75 within that for a bounce
- No real bias going into today but will follow any moves down
- Will also look to short a retracement up to yesterdays low/value area

Weekly Numbers
Range - 2354.75 -> 2388.75
Value 2357-> 2378.50
S1 - 2357.25, R1 - 2390.25

Daily Numbers
Range 2372.75 -> 2382
Value 2375.50 -> 2380
Globex 2368.75 -> 2374.75

Settlement – 2371.25

Today Only - 2351.50-2398, 2366-2380.75

Long Term Levels - 2178.75, 2129.50, 2099.75, 2084, 2078.75, 2000.75
 

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Topics: Market Updates