S&P Daily Pre-Market Prep 6/14/16
Decent volume again and another down day, this is what we were looking for yesterday to confirm that we are likely to head to the bottom of the white box. So I'm biased short with a target of 2013...
Decent volume again and another down day, this is what we were looking for yesterday to confirm that we are likely to head to the bottom of the white box. So I'm biased short with a target of 2013...
Note - new levels below - the Sept contract is about 9.25 points below June.
Much more volume on Friday AND A down day. So today looking for signs we are done to the upside and now heading down to...
Volume still declining as is volatility. We are trading in new territory and at the moment not really building significant volume anywhere, so not much to stop us going down if sellers do come in. So...
We had a pop through the top yesterday. There wasn't much volume up there and we traded just under 1.4million. Traditionally, it's quite normal for a new high to generate excitement and for that in...
Volume is declining and we are still unresolved at the highs.
Still unresolved at the highs. Volume just under 1.3M contracts yesterday - on the low side. Just waiting for it to break one way or the other.
Market is still undecided. Volume declined yesterday to just under 1.3M. Like Tuesday, the first 30 minutes was quite dull too.
Looking at the daily chart, we can see we did move away from the highs yesterday and volume was average in that move down. 1.6 million contracts. So I don't see yesterday as decisive.
We've gone through the 2100 level but not quite up to the 2105.25 we reached last time. So once again, simply looking for volume above 05.25 for a long or below 2100 for a short. In effect, waiting...
Same thing today as yesterday
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