Category Archives: Today’s Info and Levels

todays info as well as levels to watch

04/18 PM Europe

ES S&P 500 minis 

Activity type – Neutral to responsive buying at previous days value area low

Open Type = Open In range

Direction of trade- Down facilitation that way poor & condition of current mkt = balanced   Volume – No change Value Area - Overlap/within no change

Expectations: Market is balancing and 77 area is going to be important for tonights bull/bear line.  1380 is a previous balance area bottom so rejecting there is pushing us into the current balance area and rejecting higher prices.

Overnight inventory is Long/Short/Balanced opportunity for TBD

What needs to hold to favor buyers/sellers?77 area is still bull bear tonight but longer term is 65 zone now

Plausible Trade Setups  –  Seller 1385/ Buyer 1370.25 watch 73.75 as well

Support – 1377.25 minor HVN, 76, 73.75minor, 70.25

Resistance – 1380.25, 85, 87.75 HVN, 91.25

High of day – 1385.75       

Low of day – 1378

ONHI -tbd   ONLO – tbd

NVPOC – 1382.50 today, 1386.75 yesterday, 1371 Overnight 04/16, 1363.75

GAPS – 1390.25,

News Events – News in AM April 19th Initial claims (jobs) 8:30am EST at 10am EST Existing Home sales, Philly Fed & Leading indicators

6E euro Plausible Trade Setups  –  Seller 13186 & 13218/ Buyer 12979 both are way out but 13218 would be more than a scalp

Support - 13100, 13011, 12979

Resistance – 13186, 13218

Always use stops (4pt MAX 3.5 mental) ES and develop your plan. Goal is a 2.5pt rotation from an area minimum and for NQ a little wider 4-5. Use a 15-20 pip stop for day trading FX levels. Trading futures involves risk and these are just thoughts not directions.

Sample Post

ES S&P 500 minis 

Activity type -Initiative, responsive, neutral, short covering

Open Type = Open Drive, Open Test Drive, Open Rejection reverse, Open In or out of range

Direction of trade- UP/Down/Not clear facilitation that way & condition of current mkt =                Volume –          Value Area -

Expectations given evidence:

Overnight inventory is Long/Short/Balanced opportunity for

What needs to hold to favor buyers/sellers?

Plausible Trade Targets  –  Seller / Buyer 

Support

Resistance

High of day –         Low of day -

ONHI -     ONLO -

NVPOC –

GAPS –

News Events

6E euro 

Support -

Resistance

Always use stops (4pt MAX 3.5 mental) ES and develop your plan. Goal is a 2.5pt rotation from an area minimum. Use a 15-20 pip stop for day trading FX levels. Trading futures involves risk and these are just thoughts not directions.