S&P Daily Pre-Market Prep 5/10/17
Its starting to look more like the market is rolling over. Volume is still weak at just over 1 million contracts.
Its starting to look more like the market is rolling over. Volume is still weak at just over 1 million contracts.
We are still 'tickling the top of the range'. Still waiting for a reaction in the market big enough for people to jump on board.
We are now at the top of the range, we haven't broken out and volume was low on Friday. No need to get too excited but this might be enough to finally wake up the market.So one more time - a...
Well that week sucked. Certainly in terms of range but if you were watching the range and profiles, we actually had good opportunity on most days.Let's just repeat the recap of where we are. It's...
We are in the same spot as the past 2 days, so let's repeat.
We are at the top of the range, not hit the top yet but this is a line in the sand. So we have to look out for a headfake up, a reversal down from here OR a break of the range upside and a move up...
Almost at 2400, so expecting it to roll over at some point back to the low of the range. If it does break through, I'll wait for a pullback to the top of the range before being long biased again.
We managed to hold the gap up yesterday but didn't do much else. So today we are looking for the same things - the gap to fill in or to see buyers come in and take us up to 2400.
A gap up overnight - so I'm now biased towards a move to the high of the range.
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