S&P Daily Pre-Market Prep 5/25/17
We broke upside but overnight, so I'm still calling this 'unresolved'. The overnight moves are mostly as a result of a little craziness we saw in the markets (especially Crude) during the OPEC...
We broke upside but overnight, so I'm still calling this 'unresolved'. The overnight moves are mostly as a result of a little craziness we saw in the markets (especially Crude) during the OPEC...
We are now at the top of the range again. So on the lookout for a rollover/headfake or potential move to new highs and a new range. As before...
Volume has been tailing off since the big down day last week. I still think that people will jump on any obvious signs of weakness. We are in the range still and last attempt to the low of the range...
A tight range yesterday as expected we still have light volume at around a million contracts and still around the highs we made on Monday.Today we've dropped but it's all on low Globex volume.
Still at the top, still waiting for resolution, we moved back to the highs yesterday but couldn't make a new high. Overall volume as still quite poor.
Still waiting for resolution at this top, still trading low volume. Considering the date, we could end up with low volume for a few months.Taking a step back, it's worth considering how you adjust...
We seem to be in the holding pattern at the top. Still waiting for clarity.
Looks like this top is going to remain unresolved for a whole longer. Less than a million contracts traded. Doesn't mean it's not tradable, just means you need to apply range market techniques
Its starting to look more like the market is rolling over. Volume is still weak at just over 1 million contracts.
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