Day Note for Oct 29, 2018
29th October
We did breakdown again on Friday but just couldn't hold it. We are getting participation on the pushes down but there doesn't seem to be the strength to push is down to 2560 level below.
There's plenty of volume and volatility but no direction. I think that it's a mistake to try reading too much into this.
Eyes on personal spending, if that is off, I'd expect a good push down.
Plan
- No bias, high expectation of volatility
- try to jump on moves, once under way
- look for longs if we dip below overnight or Fridays low
- don't be too cerebral about it
Weekly Numbers
- Really not looking at these levels right now with all this volatility
Daily Numbers
Range - 2627.25 -> 2692.75
Value - 2644.50 -> 2674.50
Globex - 2660 -> 2692.50
Settlement- 2669.50
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.
29th October
We did breakdown again on Friday but just couldn't hold it. We are getting participation on the pushes down but there doesn't seem to be the strength to push is down to 2560 level below.
There's plenty of volume and volatility but no direction. I think that it's a mistake to try reading too much into this.
Eyes on personal spending, if that is off, I'd expect a good push down.
Plan
- No bias, high expectation of volatility
- try to jump on moves, once under way
- look for longs if we dip below overnight or Fridays low
- don't be too cerebral about it
Weekly Numbers
- Really not looking at these levels right now with all this volatility
Daily Numbers
Range - 2627.25 -> 2692.75
Value - 2644.50 -> 2674.50
Globex - 2660 -> 2692.50
Settlement- 2669.50
Long Term Levels - 2797.50, 2868.75, 2892.75, 2922.50, 2697