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Posted by Peter Davies on July 24, 2017

S&P Daily Pre-Market Prep 7/25/17

Not much happened yesterday, no new prices discovered.... so for todays prep - we could read yesterdays...

Quoting 
We have a minor potential support level at 2461.75 - so eyes on that over...
Posted by Peter Davies on July 24, 2017

S&P Daily Pre-Market Prep 7/24/17

We have a minor potential support level at 2461.75 - so eyes on that over the next few hours. If it holds, then I think we should see some decent upside participation (for the time of year). If not -...

Posted by Peter Davies on July 20, 2017

S&P Daily Pre-Market Prep 7/20/17

An interesting day yesterday - we've had a decent push up, on low volume but still better volume than the prior days. It was also a fairly small range day. So it's still a bit of a coin toss. I'd...

Posted by Peter Davies on July 18, 2017

S&P Daily Pre-Market Prep 7/19/17

We are staying above the old rangebut volume is dropping, so I still see us as being in the same situation - "top of range unresolved". Still waiting to see if we'll drop into the range or push to...

Posted by Peter Davies on July 18, 2017

S&P Daily Pre-Market Prep 7/18/17

We have move up a little - but I still see this as "top of rangeunresolved". We didn't move much and volume is low. So it's not as if we can say it's a clear break at this point. I still favor a...

Posted by Peter Davies on July 16, 2017

S&P Daily Pre-Market Prep 7/17/17

A break to the upside - but on really low volume. We did break to new all time highsbut on low volume. That has me leaning towards a fall back to therange. Still - all options are on the table and...

Posted by Peter Davies on July 13, 2017

S&P Daily Pre-Market Prep 7/13/17

Back to the top of the range, so now looking for the market to roll over and head back to the bottom of the range. Looking for headfakes on any push up through the top of the range and long only on...

Posted by Peter Davies on July 07, 2017

S&P Daily Pre-Market Prep 7/7/17

We pushed through the bottom of therangewith high volume (1.8M). Last time we had a high volume move through the bottom of our range we bounced back up. So today looking to see if this is a...

Posted by Peter Davies on July 06, 2017

S&P Daily Pre-Market Prep 7/6/17

We are having trouble lifting off the lows. Volume was still a bit low yesterday at 1.2M contracts. On the lookout for more volume coming in today, sort of presuming we had the 4th July 'hangover'...

Posted by Peter Davies on July 03, 2017

S&P Daily Pre-Market Prep 7/3/17

Today isn't the best day to trade with the 4th July holiday tomorrow, volume will likely be quite low.  We are still stuck in the range, so still looking to play range trades. That means a longbias...

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