Previous Day: Globex built out structure over 4168-62 but did not have enough buyers to get us to our Key Resistance area for the day and once the structure broke under 68-62 we got our move lower in RTH down to 4143-37 which broke easily and opened the door for lower targets and a bigger sell off but instead it took us half a day to pull back and take another attempt without any success at breaking into 4123-19 Key Support area for the day and we ended our day in b profile under 4143-37 becoming our potential resistance.
Today: Globex opened and pushed into 4143-37 taking it out later in the night and now we are back in the scene of the crime from Yesterday. We are currently inside Previous Day Range inside T2 Range and hanging out under Key Daily Resistance area, is today the day we make another attempt higher and try to push over 4191-85 up to 4220-14 and maybe look above? or are we running out of buyers and trapping longs up here and will drop the bid under 4143-37 again? If the market is really strong we wont see it come back under 4143-37 and eventually take out 4168-62 and make an attempt at 4191-85 which would be our Key Intraday Resistance for today and if that gets taken there is always a chance to see 4120-14 and maybe the level above if it really makes a push but don't get too crazy up there as its an area of Supply and bid can either be dropped from there or can see more slower sideways action. If we fail to get over 4168-62 and fail to find support at 4143-37 then we could possibly see a test of Previous Day low, T2 low and that 4084-77 area but those area all big areas to hit and will only happen if we see break under and hold continue/ Other wise we could spend the whole day in tighter range again and possibly do break out over 4191-85 later in the day after we consolidate.
Levels to Watch:
Resistance: Key Daily 4220-4191 Key Intraday 4191-85 Current 4168-62
Support: Key Daily 4103-4077 Key Intraday 4143-37 If breaks watch 4123-19 for any continuation
Today: Globex opened and pushed into 4143-37 taking it out later in the night and now we are back in the scene of the crime from Yesterday. We are currently inside Previous Day Range inside T2 Range and hanging out under Key Daily Resistance area, is today the day we make another attempt higher and try to push over 4191-85 up to 4220-14 and maybe look above? or are we running out of buyers and trapping longs up here and will drop the bid under 4143-37 again? If the market is really strong we wont see it come back under 4143-37 and eventually take out 4168-62 and make an attempt at 4191-85 which would be our Key Intraday Resistance for today and if that gets taken there is always a chance to see 4120-14 and maybe the level above if it really makes a push but don't get too crazy up there as its an area of Supply and bid can either be dropped from there or can see more slower sideways action. If we fail to get over 4168-62 and fail to find support at 4143-37 then we could possibly see a test of Previous Day low, T2 low and that 4084-77 area but those area all big areas to hit and will only happen if we see break under and hold continue/ Other wise we could spend the whole day in tighter range again and possibly do break out over 4191-85 later in the day after we consolidate.
Levels to Watch:
Resistance: Key Daily 4220-4191 Key Intraday 4191-85 Current 4168-62
Support: Key Daily 4103-4077 Key Intraday 4143-37 If breaks watch 4123-19 for any continuation
Comment:
If we fail to get back over 4168-62 and fail to hold 4143-37 Support watch for lower targets to trade but not until 4143-37 fail, if get back over 68-62 watch for next resistance area
Comment:
Failed to get back over 4168-62 under 4143-37 our Target are 4123- 4103 - 4084 if it gets going and watch for look under if it happens 4061-56 area
Comment:
Breaking under 43-37 watch out if we get going
Comment:
IF we break 4100 area AND 4084-77 watch lower target 4061-50 to possibly trade if we got volume behind to go could, If 4103-4099 cant break no go
Comment:
If we are not holding under 4100 by 2pm then less chance to see continuation under 84-77 but a test of 4100 and under still likely as long as we hold under 4143-37 and 4123-19
Comment:
4090 Would be single print fill from Fed. We should at least have enough juice for that today, lets see.
Comment:
Target for Today reached, at least the top part of it. With an hour to go we may see push under 4100 still but can't expect too much with day almost over unless big volume comes in.