I am bullish today as long as trade can stay above 1311.75. I will be looking for the market to once again test resistance at 1318.50. Today really seems like it will be an inside day from yesterday's range.
I am bullish today as long as trade can stay above 1311.75. I will be looking for the market to once again test resistance at 1318.50. Today really seems like it will be an inside day from yesterday's range.
I am bullish today as long as trade can stay above 1311.75. I will be looking for the market to once again test resistance at 1318.50. Today really seems like it will be an inside day from yesterday's range.
This week we have spent a majority of the time trading between 1319.50 and 1310.00. I don’t know why that would change today. The pivot at 1311.75 wants to hold to the upside. We do not spend much time below it and when we cross it the market is always rallying to test resistance at 1318.50. This just tells me that there are still a lot of buyers in that area. I am bullish today as long as trade can stay above 1311.75. I will be looking for the market to once again test resistance at 1318.50. Today really seems like it will be an inside day from yesterday’s range. We have some data today with Consumer Sentiment and that could shake things up a bit. I will be trading small looking to be long around 1311.75 and then get short up at 1318.50 leaning on yesterday’s high at 1320.50. Have a great weekend. I am leaving the chart showing the high from 2006 in the cash because I still believe that number is of great importance to the market going forward. (1326.70)
S&P Cash Top of Value 131975
E-Mini Daily E-Mini Weekly Weekly Bottom of Value 131400 • 133150 • 134325 • 135710 • 132500 • 132400 • 132670 Point of Control 131725 • 131850 • 130475 • 131560 High Volume Bar 131600 • 131175 Pivot • 128550 Pivot • 129530Pivot • 130525 • 126625 • 127510 Prior Day’s 131875 Settlement • 129875 • 124700 • 125483 Average Trading 1327 • 129225 • 122800 • 123500 Range
10 Day Moving Average 130860 Prior Day High 132050
20 Day Moving Average 129685 Prior Day Low 130850 50 Day Moving Average 126922 Weekly High 132225 200 Day Moving Average 115109 Weekly Low 130600