Day Note for Oct 25, 2018
25th October
We had eyes on 2697 yesterday with the expectation of a big push down if it broke & that's what we got. The next level down is 2562 or thereabouts. So eyes on yesterdays low, if that breaks I will be looking for more downside participation.
You can see the small consolidation here before it broke the 2697 level. We are now in no-mans land with the exception of yesterdays range potentially giving is some cues. So there's not a lot to play off but there is volatility to follow.
Once again - volatility overrides news at the moment.
Plan
- Not a day for precise entries again - but shorts below yesterdays low look interesting
- Other than that, try to follow momentum moves
Weekly Numbers
- Really not looking at these levels right now with all this volatility
Daily Numbers
Range - 2652.25 -> 2750 / 2757.50
Value - 27505 -> 2748.50
Globex - 2658.75 -> 2692.50
Settlement - 2664.25
Long Term Levels - 2797.50, 2868.75, 2892.75, 2922.50, 2697
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25th October
We had eyes on 2697 yesterday with the expectation of a big push down if it broke & that's what we got. The next level down is 2562 or thereabouts. So eyes on yesterdays low, if that breaks I will be looking for more downside participation.
You can see the small consolidation here before it broke the 2697 level. We are now in no-mans land with the exception of yesterdays range potentially giving is some cues. So there's not a lot to play off but there is volatility to follow.
Once again - volatility overrides news at the moment.
Plan
- Not a day for precise entries again - but shorts below yesterdays low look interesting
- Other than that, try to follow momentum moves
Weekly Numbers
- Really not looking at these levels right now with all this volatility
Daily Numbers
Range - 2652.25 -> 2750 / 2757.50
Value - 27505 -> 2748.50
Globex - 2658.75 -> 2692.50
Settlement - 2664.25
Long Term Levels - 2797.50, 2868.75, 2892.75, 2922.50, 2697