23rd April
I'm still looking @ 1570 to the upside with 1561.25 possibly providing some resistance (last weeks VAH). Above 1570, I'll be looking to see if the range holds or we reverse back down to the opposite end of the range to 1530
Weekly Numbers
Last Weeks Range - 1530.75 -> 1583
Last Weeks Value - 1536 -> 1561
Weekly R1 1576.75, PP 1553.75, S1 1524.50
Todays Numbers
Yesterdays Range 1542.75 -> 1561
Yesterdays Value 1544.25 -> 1555.25
Globex Range 1548.75 -> ???
Yesterday settlement 1556
Nice run up overnight & volume is above average so I'm on guard for a run up to 1570, although it could well all be over by the 9:30am open. New home sales @ 10am. Just a bit of caution for the upside because although Globex is up, we aren't that far ahead of yesterdays high, so a sell off into yesterdays value is still on the cards.
Most of my levels are below the market but that does mean we are at an extreme!