Last night before the Globex open I posted weekly overview with important levels to watch and that most likely we will get more downside being we are under the Supply and buyers in the area where we closed Friday might not be as responsive this time around. 3880-72 was our area to watch to the downside, Globex opened on a gap down and right in that area which gave...
Yday we were waiting to see if we will have enough supply to break T+2 Low and Key Support at 4084.50-4077.25, move took quite a while to get going as we still had plenty of buyers to fill at the support area, to be honest I already started to think it wont happen so missed the whole ride down but we did break support and sold off right under our next Key Support...
Yesterday played out pretty much as first expected, was able to actually call the high and the low within a few points as mentioned I thought we might stay in tighter range between 4157 and our 4103-4099.75 level and we did. Today Globex attempted to break out of our Key Resistance at 4143.75-4137.50 and failed which trapped a lot of people, with that fail I will...
Yday I was short biased and thought we will have enough supply to flush Key Support at 4084.50-4077.25 but I did mention that if we do no break support and reach next level down then we can see a rotation back to 4103.25-4099.75 and 4123.75-4119.25, because of the short bias I did not think we will get back to Key Resistance at 4143.75-4137.50 and extend to next...
Yday we tried to extend out of our Key Resistance at 4143.75-4137.50 and as mentioned pre market holding above that level should give us a test of 4168-4162.25 BUT reaching T+2 high at 4179 was the what we were looking at for continuation higher which we failed to do and came back in under our Key Resistance which was the first sign of weakness, we did sell off...
Friday we got a close in the middle of our 4143-4077 range, Globex failed to continue lower and break 4103.25-4099.75 level and reach Key Support at 4084.50-4077.25 instead we got a push over our Key Resistance at 4143.75-4137.50. Question today is do we hold above our Key Resistance and get continuation higher or do we come back in? We are currently inside our...
Last Tuesday I was doing a review and saw that Friday the 27th we broke into a balance where we still had plenty of supply over 4143.75 and our position is below 4084.50 which told me that we will most likely spend some time around here to consolidate before we can confirm direction for the next move, Tuesdays close confirmed that more and I gave myself a range we...
Yday we opened up right under T+2 and got some selling pressure right into the Key Support at 4084.50-4077.25, support held and we saw a rotation back towards the Key Resistance at 4143.75-4137.50 and we were able to break out and hold above it for continuation move to higher levels. In Globex so far we failed at our 4191-4185.50 level and failed to extend and...
Yesterday played out as expected without major changes, we stayed in the 4170-4060 range. We found sellers above our Key Resistance of 4143.75-4137.50 and sold off down to our Key Support of 4084.50-4077.25 where we found buyers. Today looks like we are set to open in yesterdays range and in our T+2 range. Today I am looking to see if we have another inside day...
If we look on the daily we are right in the middle between the trapped supply which we started selling out from on the 5th and the Position/trapped shorts below us, today we had an indecision day as we still have plenty of supply above and now buyers below. Im thinking possible inside day tomorrow or for the least inside Friday range, thinking we could hang out...
Friday we opened up right in the Key Resistance area of 4084.50-4077.25 and got continuation of short covering through out the day and were able to break into our next range and over next resistance of 4143.75-4137.50, Sunday night Monday morning we count as one Globex session in which we pushed the price higher but were not able to reach next resistance area and...
Today we broke into 3971-4030 range and came back in, N period bounced right from tomorrows T+2 High area of 3954, will we be able to stay above T+2 until tomorrow and get back over 3971-76 and maybe get more buy ins to take the upper stops and test the top of that range at 4025-4030 which is also a level we came through a few times already that hasnt been tested...
Yesterday we had a big sell off, I had it market that we would visit our Key Support at 3976.50-3971.50 and if selling is strong then can see lower levels as well, did not expect to that much but we got what we got. Today we are set to open on a gap down and below T+2 low of Tuesday. Currently inventory is short and we found some buyers before our swing low and...
Yesterday we found buyers at the levels we expected and were able to close above T+2 for today. Globex session we tried to push to extend into the next range over 4084.50-4077.25 but failed, currently inventory is short and selling off to find buyers. We have broke into and accepted into T+2 so far, if we dont come back out and hold then we can see lower levels...
Yesterday we had a balance day in our 4030.75-3976.50 range as were thinking it would be, in the Globex session we failed to go lower and did not even touch our 3994.50-3988.75 level which was a sign that we are out of supply. Once we got to our Key Resistance and todays T+2 high (Fridays High) we consolidated a bit and broke out, leaving single prints behind...
Today we have inventory balancing our out 3971.50-4030.75 Range, we are above T+2 high which is 3961.75 which means we can see buy ins at levels above which is holding us up here and we were not able to extend over 4030.75 so far. Will we make a move out of this range today or will we spend time in this range for now until we are ready for next move? On the upside...
Yesterday we tested midpoint of the current range we are in on the daily, so far was a look below and fail. End of the day rally buyers were able to bring the price towards the T+2 low for today. All the sellers were taken out lower and in Globex be broke into the T+2 range and over out 3931.75-3927.25 Key Resistance, this morning we hit our next Key Resistance...
Looks like we should open in Friday's value unless we get a move out before the open. Today we have 4437.75-4432.50 as our PM support and holding above is a sign of strength, this should give us a test of 4465.25-4460.25 and next Key Resistance at 4479.75-4475, if we take that out and able to hold above it then our higher levels are 4490-4487.25, 4497.25-4494.75,...