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S&P Daily Pre-Market Prep 4/22/17

Posted by Peter Davies on April 21, 2017

2017-04-21_15-14-55.png

We popped up out of this weeks range but we are still in the greater range, so today we look for signs that we can carry on up to the top of the range 2400 or fail and roll over downside.
2017-04-21_15-15-23.png

We have an upper distribution we are building right now. Below us I'll be watching 2345 as a line in the sand and expecting good participation upside if we test and it holds.
 
2017-04-21_15-16-00-1.png
In this image, we can expand that 2345 up a bit and look at 2345-2347 as a line in the sand. It's also worth having an eye on 2352.25 into the open as that was where we pulled back to towards the end of the day

Plan
- Look for signs that we can carry on with yesterdays move and complete the larger range upside
- Watch 2345-2347 for a hold if we do move down
- Pretty much following the volume today

Weekly Numbers
Range - 2322.75 -> 2358.50
Value 2332.75 -> 2345.75
S1 - 2313.25, R1 - 2352.50

Daily Numbers
Range 2332.25 / 2337.25 -> 2358.25
Value - 2343.50 -> 2358.25
Globex 2351.25 -> 2356

Settlement – 2352

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

Jigsaw-trading.png 

 

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