Yday we were able to hold above our Key Support at 3809.50-3805.25 and after the FOMC release got a push over Previous Day High and over next Key Level of 3853.25-3847.25. Globex we failed to get back under 3853.25-3847.25 and accept and got a push back over it but so far we have been hanging out here between Key Level and next level up under Previous Day high...
Yday we tested the T2 Low/Previous day Low and found support there and were actually able to drive back towards previous day high, in Globex we attempted few times to get over Previous Day High with failures but we are not getting much selling because we still have shorts trapped below who buy this up every time we come down towards the singles. Question today is...
Friday with held inside previous days range as we thought we might since it was a lower volume day before the three day weekend. In Globex we continued our Friday strength and last night were able to drive above Previous Day (Friday) High and hit next Key Level of 3853.25-3847.25 where we found sellers, we spent time over the high selling inventory and once we did...
Yday we opened right at our 3780.50-3776.75 level, failed over it and drove down to break Key Level of 3764.75-3760.50 from which I was expecting to go down and hit next Key Level lower but we failed to take out 3747.50-3744.75 and found a nice bid down there that took us all the way back to test Previous Day Low and T2 area over our 3809.50-3805.25 level where we...
Yday we had a balanced day between our supply above 3853-3847 and our buyers in the Gap area and Key Support at 3809.50-3805.25. We had a seller above 3840 all day and we could get past that 40 wall even with all the buying which tells us someone was selling filling orders into all the buying. Globex we broke the Key Support and saw that inventory leak out down to...
Yday we opened above Previous Day high and that gave us a push over our Key Level of 3931.75-3927.25, we were able to reach next level up but failed to extend from it after a strong opening push which was our first warning sign. We we came back in under Key Level and got back under Previous Day high and our level of 3914.75-3910.75 was our downside confirm with a...
Yday we had a balanced RTH between Globex inventory over our Key Level of 3931.75-3927.25 and short position below our Key Level 3892.25-3887.25. Last night in Globex we tested Key Support and it held giving us rotation back up to 3931.75-3927.25 but this morning so far we have failed to get over it and accept, currently that inventory is coming out and we want to...
Friday morning RTH opened up and right away drove over the Globex inventory and a level to watch of 3839-3835.50, inventory was long and we got no correction that told us the strength for the day, we drove straight to next Key Level of 3892.25-3887.25 Where we found some resistance which was right at the Gap area where we expected to have supply, we consolidated...
Yday at the open we failed to accept over T+2 High area and got a move down from there towards Key Support at 3764.75-3760.50 which was one of the important levels to watch and I thought if we break it then we should see it head lower and possible even head for the lows from last week but T+2 low was an important area to watch under Key Support in order to get...
Globex inventory got short at T+2 low area we corrected and saw the high tested, so far we are correcting back towards the close before the open. Question today is do we have all the supply to get over T+2 High, Previous day high and push higher? Or will we fail to get over and come back in to test T+2 low and previous day low? Powell speaking at 10 so watch...
Was expecting this retracement yesterday but we had too many people short from Thursday/Friday and structure yday showed early that we will not come down for now when we held the Gap area pre market, drove away from it at the open and got over the Globex inventory. Failure to extend over 3780.50-3776.75 and reach next stops around 3790 area was my MGI that this...
Sunday/Monday Globex we keep marking up and selling our product, we got into the area I put on watch yesterday and this is what I want to see if we will hold and accept or did we sell our product from below and will come back down to look for buyers lower. So far Globex inventory 100% long from Friday Close, we now have people trapped between our 3728 and 3747...
Lets break down what we can see in Globex and in tomorrows session. Did we find temporary support, built a position under 3715-10 that we now have all the supply to run the upper stops, fill the Gap at 3723 area and fill push higher to sell our product there? Or did we find temporary support using all the people who piled in Short Thursday/Friday morning and...
Yday we got our downside move to play out, we found buyers below our Key Level of 3671.75-3665.75 and got a push above it, in Globex so far we tested the level and were unable to break it which meant we are out of supply for time being and rotation back towards the upper levels. Currently Globex inventory is 100% long from our close, we are inside ydays range and...
What a Globex we had! Wish I stayed up to trade it, I took one trade in at 21:30 Short at 3827 and covered at 12 when I saw we still had buyers at 3809.50 area, I did not stay for the pull back and re-entry at 3825.50-3820.25 but that was a beauty short just sold off smoothly level after level. Yday after the close I mentioned the way we closed and trapped people...
FED Day! What will the market give us today? Yday we were not able to hold our Key Support of 3764.75-3760.50 as we expected because we were under T+2 low and had people trapped from Globex session above, we were able to get below and accept in lower range and we got the test of lower levels down to our next Key Support at 3714.75-3709.75 and as mentioned we...
Yday we saw Key Support area of 3764.75-3760.50 hold on the first test, we did make another attempt at it before close and were able to reach next level down so we found acceptance in that lower range. At the close wholesale took in the supply under 3764.75 and used Globex to drive it up and sell higher, Globex inventory was mostly long all night until we found...
We are back at the support where we found buyers before last months FOMC move on the 25th. Shorts covered, supply ran out and we were able to pick up a position and took it up over 4084 to sell. We spent time in tight range selling product and filling orders until we sold it and had no more buyers to take us higher. Question this week is will we see buyers step...