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S&P Daily Pre-Market Prep 3/21/17

Posted by Peter Davies on March 21, 2017

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Volatility is gradually reducing, not what we want to see. So now I am without bias and waiting for something to wake the market up.

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There's not much to read from the weekly profiles, so we won't bother. The dailies here aren't helping much either, other than confirming lack of direction

Plan
- No bias, low expectation day
- look for a trade off the open and the extremes from yesterdays prep
- look for any levels that develop intraday and the breaks of any ranges that form

Weekly Numbers
Range - 2354.75 -> 2388.75
Value 2357-> 2378.50
S1 - 2357.25, R1 - 2390.25

Daily Numbers
Range 2365.50 -> 2376
Value 2369.50 -> 2374.50
Globex 2368 -> 2376.75

Settlement – 2370.25

Today Only - 2351.50-2398, 2366-2380.75

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

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Topics: Market Updates