TOP NOTCH TRADING
“THE FUTURES DEFINED”
A DAILY TECHNICAL APPROACH TO STOCK INDEX FUTURES
FOR INFORMATION: E-MAIL– haefketim@gmail.com 12/17/15
SPH NDH
|
|
|
|
2108.20 MAJOR TREND LINE |
4788.00 WEEKLY FIB |
|
2103.20* |
4764.25* / 4747.50* |
|
2101.70 WEEKLY FIB |
4734.75 CONT. HIGH |
|
2098.30* |
4729.00 # |
|
2090.50* / 2088.60 # |
4718.50* / 4706.00 DAILY FIB |
|
2080.60 DAILY FIB |
498.50 STOPS? |
|
2076.10* |
4693.25* |
|
2073.10 MINOR T-LINE |
4681.00* |
|
2068.00 YEST. HIGH |
4669.75 YEST. HIGH |
|
2063.70 YEST. SETTEL |
4657.75 YEST. SETTLE |
|
2062.20 PIVOTAL |
4652.50 PIVOTAL |
|
2055.50 DAILY PIVOT |
4644.00 STOPS? |
|
2051.00 > |
4634.25 DAILY PIVOT / 4628.00 > |
|
2048.40 STOPS? |
4611.25* |
|
2042.00 v |
4599.00 v / 4598.75 # |
|
2035.40 < / 2034.90 YEST. LOW |
4594.00 < / 4581.00* |
|
2031.00 # / 2026.10* |
4575.00 YEST. LOW / 4569.50* |
|
2022.30 DAILY FIB / 2017.40* |
4561.00* / 4552.00* / 4538.75 DAILY FIB |
A LITTLE SHAKE AND BAKE AFTER THE FED RELEASE DID SEE BOTH FUTURES SPIKE SHARPLY SOUGH AS THEY FOUND NEW DAILY LOWS. THE ENSUING MOVE DID RALLY UP AND ABOVE THE # PRICE TARGETS FOR BOTH AS IT APPEARS SANTA CLAUS IS COMING TO TOWN. HOWEVER, I’M NOT COMPLETELY SOLD ON THIS IDEA WITH THE IMPENDING EXPIRATION, BUT I SUSPECT THE HAND WILL BE PLAYED OUT BY TOMORROW’S CLOSE. FOR TODAY- LEAVING THE SHORT VALUE PRICES WELL BELOW THE SETTLE LEVELS IS ON CONCERN FOR A PULL BACK THAT COULD BE IN ORDER. THE S&P DID GET EVER SO CLOSE FOR A TEST OF ITS DAILY PIVOT PRICE 2055.50 WITH A OVERNIGHT LOW 2056.00. AS I WRITE IT’S GETTING TESTED, SO I EXPECT IT TO DRAW A LINE. THE NASDAQ WORKS WELL ABOVE ITS SETTLE PRICE AS WELL AS ITS DAILY PIVOT LEVEL WITH AN OVERNIGHT LOW 4643.50. IT SIGNALS MORE STRENGTH HEADING INITO THE OPEN AND IT ALSO OFFERS A FIRST TEST OF SUPPORT IF SEEN. GOOD TRADING!!
USH
GLOBEX OPEN – 154.10
159.01 WEEKLY FIB
|
158.28 CONT. HIGH |
|
| 158.09* | 15 -154.16 |
|
157.27* |
|
|
157.15 LAST WEEK HIGH |
Reg. 30 -155.12 60 -155.04 |
|
156.23 FIB -2 |
30 -155.04 60 -154.19 |
|
156.18 # |
|
|
156.02 FIB -1 |
24 hr. 30 -154.25 60 -154.30 |
| 155.30 STOPS? |
30 -154.30 60 -155.15 |
| 155.18 PIVOTAL | |
| 155.04* | |
| 154.26 > | |
| 154.17 YEST. SETTLE | |
| 154.02 v | |
| 154.00 < | |
| 153.29 # | |
| 153.19 YEST. LOW | |
| 153.12 LT WK LOW | |
| 153.02* / 152.29 FIB -1 | |
| 152.08 FIB -2 | |
| 151.26 WEEKLY FIB / 151.08* |
THE 155.30 PRICE HAS BEEN THE PRE-MARKET HIGH IN TWO OUT OF THE LAST THREE DAYS. IT SUGGESTS A MOVE ABOVE THAT LEVEL MAY TRIGGER STOPS WORKING AN EARLY TREND TO THE UPSIDE IF FOUND TODAY. I’M THINKING THIS FUTURE IS STILL DIGESTING YESTERDAYS FED ANNOUNCEMENT, SO THE FUNDAMENTAL FLAVOR COULD HAVE A “HANGOVER” EFFECT TODAY. SUPPORT @ 155.04, 154.26, 154.17, & 153.29. RESISTANCE @ 156.02, 156.18, 156.23, & 157.13.
—
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