Day Note for Nov 30, 2018
30th Nov
We poked through the 2750 level from yesterday (after FOMC) and we then moved down. So eyes on continuation down OR any re-test at 2750.
Still also looking at that upper distribution, so a drop below 25-30, will likely see a run down to 2700.
It was a relatively slow day yesterday, we did get post FOMC volatility but not a wide range relative to the last couple of months action.
Overnight, it's back to "technical" - rotating around yesterdays value area.
Not much news, unless you are from Canadia, eh?
Plan
- Watching 2750 as a line in the sand, & the 25-30 area with the prospect of a drop below (but churn up if it holds)
- Other than that, watching the day trader levels today and an eye on the volatility.
Weekly Numbers
Range - 2631.50 -> 2754.50
Value - too elongated
Daily Numbers
Range - 2723.25 -> 2754.50
Value - 2729.25 -> 2745.25
Globex - 2731 -> 2743.50
Settlement - 2744.25
Today only - 2725-30 (expecting a drop to 2700 below), 2750 (prior rejection)
Long Term Levels - 2797.50, 2868.75, 2892.75, 2922.50, 2697
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30th Nov
We poked through the 2750 level from yesterday (after FOMC) and we then moved down. So eyes on continuation down OR any re-test at 2750.
Still also looking at that upper distribution, so a drop below 25-30, will likely see a run down to 2700.
It was a relatively slow day yesterday, we did get post FOMC volatility but not a wide range relative to the last couple of months action.
Overnight, it's back to "technical" - rotating around yesterdays value area.
Not much news, unless you are from Canadia, eh?
Plan
- Watching 2750 as a line in the sand, & the 25-30 area with the prospect of a drop below (but churn up if it holds)
- Other than that, watching the day trader levels today and an eye on the volatility.
Weekly Numbers
Range - 2631.50 -> 2754.50
Value - too elongated
Daily Numbers
Range - 2723.25 -> 2754.50
Value - 2729.25 -> 2745.25
Globex - 2731 -> 2743.50
Settlement - 2744.25
Today only - 2725-30 (expecting a drop to 2700 below), 2750 (prior rejection)
Long Term Levels - 2797.50, 2868.75, 2892.75, 2922.50, 2697