<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=174932623114557&amp;ev=PageView&amp;noscript=1">

S&P Daily Pre-Market Prep 3/15/17

Posted by Peter Davies on March 15, 2017

2017-03-15_16-10-33.jpg

As Market held at the 51.50 level (were had 51.25 on our watch list). We can't read too much into that medium term because it's FOCM today and a likely rate hike. So we have to let that wash out first.

2017-03-15_16-11-06.jpg

We dipped below the bottom of last weeks major distribution yesterday. Just a probe down, so our range is still intact. Looking to fade 2372 and 2359.25.

2017-03-15_16-11-23.jpg

Still pretty narrow though in the day session - around 10 pts.

Plan
- FOMC day, so not expecting much in the AM
- will look for the range to continue but with the FOMC it's just not a predictable day

Weekly Numbers
Range - 2354.75 -> 2372
Value 2364 -> 2371
S1 - 2354.75, R1 - 2378.50

Daily Numbers
Range 2354.75 -> 2365.50 / 2371.75
Value 2358.75 -> 2362.75
Globex 2362.50 -> 2370.25

Settlement – 2369

Today Only - 2333.25, 2351.25, 2358.25, 2373

Long Term Levels - 2178.75, 2129.50, 2099.75, 2084, 2078.75, 2000.75
 

Jigsaw-trading.png 

 

< Back to Blog

Topics: Market Updates

Follow Us:

Popular

Posts by Topic

see all