S&P Daily Pre-Market Prep 7/24/17
We have a minor potential support level at 2461.75 - so eyes on that over the next few hours. If it holds, then I think we should see some decent upside participation (for the time of year). If not -...
We have a minor potential support level at 2461.75 - so eyes on that over the next few hours. If it holds, then I think we should see some decent upside participation (for the time of year). If not -...
An interesting day yesterday - we've had a decent push up, on low volume but still better volume than the prior days. It was also a fairly small range day. So it's still a bit of a coin toss. I'd...
We are staying above the old rangebut volume is dropping, so I still see us as being in the same situation - "top of range unresolved". Still waiting to see if we'll drop into the range or push to...
We have move up a little - but I still see this as "top of rangeunresolved". We didn't move much and volume is low. So it's not as if we can say it's a clear break at this point. I still favor a...
A break to the upside - but on really low volume. We did break to new all time highsbut on low volume. That has me leaning towards a fall back to therange. Still - all options are on the table and...
Back to the top of the range, so now looking for the market to roll over and head back to the bottom of the range. Looking for headfakes on any push up through the top of the range and long only on...
We pushed through the bottom of therangewith high volume (1.8M). Last time we had a high volume move through the bottom of our range we bounced back up. So today looking to see if this is a...
We are having trouble lifting off the lows. Volume was still a bit low yesterday at 1.2M contracts. On the lookout for more volume coming in today, sort of presuming we had the 4th July 'hangover'...
Today isn't the best day to trade with the 4th July holiday tomorrow, volume will likely be quite low. We are still stuck in the range, so still looking to play range trades. That means a longbias...
Hopefully readers of the log weren't too shocked that 29 held initially, then when we broke it later, we went to 16.... (pats self on the back and does victory laps around the trading desk)So now at...
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