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S&P Daily Pre-Market Prep 4/11/17

Posted by Peter Davies on April 11, 2017

2017-04-11_17-46-27.png

Volume getting lower by the day - still neutral and still in the middle of a range.

2017-04-11_17-46-34.png

Trading within the main distribution from last week - so again, very neutral.
 2017-04-11_17-46-58.png
 
Yesterday we were looking to fade 45 and 61. Actual low and high were 47.50 and 63.25.

Plan
- Same as yesterday - no bias
- looking for a trade off the open, then not interested unless we get to 45 or 61 , at which point looking to see if the range holds or breaks.
- will trade a range hold by default (with low interest)
- will play a continuation of a break only if we have good volume

Weekly Numbers
Range - 2336.75 -> 2375
Value 2345.50 -> 2359
S1 - 2336.50, R1 - 2371.50

Daily Numbers
Range 2347.50 -> 2263.25
Value - 2353.50 -> 2360
Globex 2347.50 -> 2355.75

Settlement – 2352.50

Today Only - 2345, 2361

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

Jigsaw-trading.png 

 

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Topics: Market Updates