Yesterday we had
If we look at the overall volume yesterday, it was 2.8 million. This seems like a big jump to just be short term speculators. So on the lookout today for high volume as the day progresses. Not saying we must be in for a larger move, just be aware that volume was exceptional.
I still think that if we do move down we will probably just test the extreme of the range and move back up.
- Let the volume guide
- Be wary that we may range around 54.75-66.50 - no trades between those prices unless off the open
- Any move outside that range to the downside will be followed (and maybe scaled into) if there is decent volume
- More wary of moves up above 66.50 and will proceed with more caution there
Range - 2354.75 -> 2404.50
Value - 2372 -> 2404
S1 - 2383, R1 - 2405.50
Range - 2354.75 -> 2383.75 / 2398
Value - 2362.50 -> 2375.50
Globex 2354.75-> 2367
Settlement – 2347.50
Today only - 2354.75 - 2366.50
Long Term Levels - 2178.75, 2129.50, 2099.75, 2084, 2078.75, 2000.75, 2400