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S&P Daily Pre-Market Prep 3/30/17

Posted by Peter Davies on March 30, 2017

2017-03-30_16-53-08.png

Volume was really low yesterday, we did close higher but I don't see that really as confirming the long bias I had, we mostly moved sideways.

2017-03-30_16-54-00.png

The weekly profile is bullish but we are in danger of ranging 2351-2359.50, so watch that area for a fade as we go.
 
2017-03-30_16-54-18.png
 
We are holding yesterdays value area overnight (53.50), so an eye on that into the open.

Plan
- Eyes on volume into the open - if it stays low, look to fade moves
- No continuation trades between 51 and 59.50 but do look for 53.50 to hold
- If we break out from the 51-59.50 area - look for a headfake and take a continuation only on decent volume

Weekly Numbers
Range - 2317.75 -> 2362.50
Value 2335-> 2362.50
S1 - 2324.75, R1 - 2371.75

Daily Numbers
Range 2348.75-> 2359.75
Value - 2353.50 -> 2358.50
Globex 2353.50 -> 2362.50

Settlement – 2357

Today Only - 2351-2359.50, 2353.50

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

Jigsaw-trading.png 

 

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