S&P Daily Pre-Market Prep 12/13/16
Decent volume yesterday, just under 2 million contracts traded. We have a new level at 2208.50 - although it's not been tested yet and so it may be removed.
Decent volume yesterday, just under 2 million contracts traded. We have a new level at 2208.50 - although it's not been tested yet and so it may be removed.
We are now moving to the March 2017 contract on the US index futures. We are also in the last few weeks of the year, a time where we often get a pop in the market up to the Christmas holiday period....
Volume up, price down. As per previous preps, we've been looking for a test of the old highs. At this point we are looking for either:1 - A bounce up which should see good participation as people...
We've popped the top and the bottom of the weeks range, so that leaves us still neutral. Volume was up yesterday and it was a down day overall, so it is worth looking for weakness off the open.
Still no progress, so we wait for the market to break one way or the other. As per yesterday, it's looking more & more likely that we'll sit in this range for the week.
Moving sideways and volume still low. We do have a few numbers out today which may give us a boost, otherwise I'm not seeing where the volume is going to come from unless.- We hit a major support...
Back to it after the Thanksgiving holiday week. As we can see an extremely low participation week where the market continues it's march upwards.So into this week, we do have a little 'news risk' with...
Volume dropping off. No great shock given the way the week started. We can't escape last Friday's range. On Monday we said:
As discussed last week, after the "Trump move" - we still haven't confirmed whether we can actually escape the range we've been in since the summer time - 2104-2183.75. So still presuming the range...
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