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

Posted by Peter Davies on March 17, 2017

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A pretty flat day yesterday, so no 'resolution' after the FOMC.

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We are building volume from 2375.50-> 2387, so watching the extremes as that builds out.

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Yesterday we were watching 71 & 74.50, we got down to 73.50 and then stuck in a tight range, mostly between 74.50 and 78. We've stayed in that range overnight, so eyes on that into the open.

Plan
- Absolutely no bias at all.
- bigger picture watching for a range 2350-2400
- near term watching 74.50->2380 and then 2387
- low expectation overall

The plan is "there is no plan"

Weekly Numbers
Range - 2354.75 -> 2388.75
Value 2357-> 2378
S1 - 2354.75, R1 - 2378.50

Daily Numbers
Range 2374.50 -> 2384.50 / 2388.75
Value 2367 -> 2380.50
Globex 2375.25 -> 2388.75

Settlement – 2377.25

Today Only - 2351.75-2400., 2371, 2374.50

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

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