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S&P Daily Pre-Market Prep 8/2/17

Posted by Peter Davies on August 02, 2017

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Volume is still reasonable for the time of year but we are stuck in this range at all time highs.  Presuming the range holds for now.

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No signs that we will break the range - fairly even distribution so far this week.
 
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Just keeps going over the same area.....

Plan
- Trade the range - but look for an early trade off the open
- Watch this weeks range first - so possible fades around 66.25 and 75.50 then the larger rage 61.25-79
- No trades in the middle - unless off overnight high/low or one of yesterdays level
- Be patient if there's no trade off the open


Weekly Numbers
Range - 2465.25 -> 2477.25
Value - 2469.75 -> 2475.25

Daily Numbers
Range - 2466.25 / 2468 -> 2475 / 2477.25
Value - 2470.50 -> 2474
Globex - 2472.50 ->2475.50

Settlement – 2472.25

Today only - 61.25, 66.25, 75.50,79

Long Term Levels - 2178.75, 2129.50, 2099.75, 2084, 2078.75, 2000.75, 2400

Jigsaw-trading.png 

 

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Topics: Market Updates