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Posted by Peter Davies on May 20, 2016

S&P Daily Pre-Market Prep 5/20/16

Another 2 million contract day where we ended the day session close to where we started. We have tested the bottom of our presumed range and so I am looking for signs that we have decent upside...

Posted by Peter Davies on May 19, 2016

S&P Daily Pre-Market Prep 5/19/16

Still quite an indecisive market but still decent ranges. Volume yesterday was over 2 million contracts but we ended up pretty much where we started.
Posted by Peter Davies on May 18, 2016

S&P Daily Pre-Market Prep 5/18/16

As we can see, the range is narrowing. As such, my preference today would be to see us break out of this to the downside as I feel that's the best chance of a decent move. We did have a decent run...
Posted by Peter Davies on May 16, 2016

S&P Daily Pre-Market Prep 5/16/16

Looking left, there is a lot of chop. So from a long term perspective, I don't think the long term view helps us today. What we do have to watch over the next few days, is how the action unfolds. ...
Posted by Peter Davies on May 13, 2016

S&P Daily Pre-Market Prep 5/13/16

It does appear that we are now working our way down but I am now neutral biased. It looks like we may suffer a narrowing range .
Posted by Peter Davies on May 12, 2016

S&P Daily Pre-Market Prep 5/12/16

I'm still biased towards hitting the top of the range before rolling over and continuing along the range in the white box.

Posted by Peter Davies on May 11, 2016

S&P Daily Pre-Market Prep 5/11/16

My bias is towards the range holding - so really expecting more upside to get to 2095-2105 and then reverse down to test the low of the range. Obviously if we can't make it to the 2095 upside then we...

Posted by Peter Davies on May 10, 2016

S&P Daily Pre-Market Prep 5/10/16

Yesterday we had:

Quoting 
I'm still biased short but also looking at the white box above as a potential range. We will have people looking at this market channeling down, so if we move up...
Posted by Peter Davies on May 09, 2016

S&P Daily Pre-Market Prep 5/9/16

I'm still biased short but also looking at the white box above as a potential range. We will have people looking at this market channeling down, so if we move up from here that channel breaks. I'm...

Posted by Peter Davies on May 04, 2016

S&P Daily Pre-Market Prep 5/4/16

I'm still sticking with the premise of a move to 2000 but wary of a choppy range 2020-2100 forming.

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