Day Note for Oct 24, 2018
24th October
Yesterday we said "Back to the lows again - still interested in what happens if we get to 2697 area below." - And now we've hit it and we had a very nice bounce up. We are now heading back down, so eyes on the level and expect a big push down if it breaks. It's also possible that this overnight push down will be done and that we could be set for a move back up to 2820.
Really not much to see here in my opinion.
We can see the rejection as we made it through that old low was pretty swift and now we are just waiting to see if we get follow through
Eyes on the news but the volatility is already with us, so I don't see the news being a big influence.
Plan
- Follow momentum - there's not really that much else to do with this much volatility. Just try to play it carefully.
- Pay particular attention above yesterdays high for a run up and around 2697 area if we revisit - moves away either direction should be excessive
Weekly Numbers
- Really not looking at these levels right now with all this volatility
Daily Numbers
Range - 2749.75 -> 2782 / 2800.50
Value - 2754 -> 2771.75
Globex - 2714.25 -> 2757.50
Settlement - 2746.25
Long Term Levels- 2797.50, 2868.75, 2892.75, 2922.50, 2697
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24th October
Yesterday we said "Back to the lows again - still interested in what happens if we get to 2697 area below." - And now we've hit it and we had a very nice bounce up. We are now heading back down, so eyes on the level and expect a big push down if it breaks. It's also possible that this overnight push down will be done and that we could be set for a move back up to 2820.
Really not much to see here in my opinion.
We can see the rejection as we made it through that old low was pretty swift and now we are just waiting to see if we get follow through
Eyes on the news but the volatility is already with us, so I don't see the news being a big influence.
Plan
- Follow momentum - there's not really that much else to do with this much volatility. Just try to play it carefully.
- Pay particular attention above yesterdays high for a run up and around 2697 area if we revisit - moves away either direction should be excessive
Weekly Numbers
- Really not looking at these levels right now with all this volatility
Daily Numbers
Range - 2749.75 -> 2782 / 2800.50
Value - 2754 -> 2771.75
Globex - 2714.25 -> 2757.50
Settlement - 2746.25
Long Term Levels- 2797.50, 2868.75, 2892.75, 2922.50, 2697