Day Note for Oct 18, 2018
18th October
Obviously very volatile at the moment, if we look back we had a range with a low of around 2697 previously and I'd love to see that tested as I think it'll give us good momentum either way.
Personally, when it's this volatile I find profiles a bit misleading but let's go there. It does appear a drop below 2800 would see us at 2770 pretty fast. So eyes on 2820 for a move back down to the upper range low at 2800 and if that breaks a move to 2770....
We did range earlier this week but still it's hardly 'simple range trade' action. But I think this does back up the potential of staying in the upper range - trouble is shortfalls & extensions are likely to be large, so it's more intellectual pursuit that 'where to get in.
A little news - but I doubt it'll have much impact on the current volatility but ears on Bullard...
Plan
- watch range extremes (volume-wise) around 2800 and 2820 and play breaks away
- Target 2770 on a break down
- No trades between 2800 and 2800
- Try to scale into trades if volatility remains high
Weekly Numbers
Range - 2806 -> 2824.25
Value - 2745.5 -> 2824.25
Daily Numbers
Range - 2783.25 -> 2824.25
Value - 2802 -> 2818.75
Globex - 2800.25 -> 2914.75
Settlement - 2816.25
Long Term Levels- 2797.50, 2868.75, 2892.75, 2922.50, 2697
Click on the microphone icon and begin speaking.
Speak now.
No speech was detected. You may need to adjust your microphone settings.
Click the "Allow" button above to enable your microphone.
Permission to use microphone was denied.
Permission to use microphone is blocked. To change, go to chrome://settings/contentExceptions#media-stream
Web Speech API is not supported by this browser. Upgrade to Chrome version 25 or later.
18th October
Obviously very volatile at the moment, if we look back we had a range with a low of around 2697 previously and I'd love to see that tested as I think it'll give us good momentum either way.
Personally, when it's this volatile I find profiles a bit misleading but let's go there. It does appear a drop below 2800 would see us at 2770 pretty fast. So eyes on 2820 for a move back down to the upper range low at 2800 and if that breaks a move to 2770....
We did range earlier this week but still it's hardly 'simple range trade' action. But I think this does back up the potential of staying in the upper range - trouble is shortfalls & extensions are likely to be large, so it's more intellectual pursuit that 'where to get in.
A little news - but I doubt it'll have much impact on the current volatility but ears on Bullard...
Plan
- watch range extremes (volume-wise) around 2800 and 2820 and play breaks away
- Target 2770 on a break down
- No trades between 2800 and 2800
- Try to scale into trades if volatility remains high
Weekly Numbers
Range - 2806 -> 2824.25
Value - 2745.5 -> 2824.25
Daily Numbers
Range - 2783.25 -> 2824.25
Value - 2802 -> 2818.75
Globex - 2800.25 -> 2914.75
Settlement - 2816.25
Long Term Levels- 2797.50, 2868.75, 2892.75, 2922.50, 2697