Review: Today we saw that our suspicions about possibly finding a place to tighten up a bit to get ready for next move might have been correct, still have to see what we do in Globex but so far the information we have is we have accepted in this 4220 - 4137 intraday range, we have supply over 4220 - 15, we have built a support last night Globex under 4061 - 62 and still have short holding us up under 4143 - 37. As long as we don't break down and fall apart or break out tonight this might be our range until we are ready for next move out or to drop the bid for lower distribution.

Prep: As Mentioned above we are currently in 4020 - 4137 Intraday Range with 4191 - 62 being our Value. Until we set up for a move outside of this range we can probably expect to spend some time in or around it and should be able to trade level to level once it sets up for a move away from value or back to value. Our T2 Range is under us which should give us support but we might dip inside it, if we do start taking out taking out Key Support or Resistance areas that is where we need to watch for reversal or continuation for a bigger move out of range or back to the other side, as mentioned it might take time now until we are ready for the move and right now is the time of patience to let things properly set up and show the way... long to set up, moves quick and reverses quick which means need to be patient and ready. I think once we are ready we have that nice space blow us to drop our bid to, we have 4100 - 4080 as potential lower support when we do but until then we might take our time.

Levels to Watch:
Resistance : Key Daily 4214 - 4191 // Key Intraday 4220 - 4215 // Intraday 4191-85
Support : Key Daily 4123 - 4084 // Key Intraday 4143 - 37 // Intraday 4168-62
บันทึกช่วยจำ
Globex stayed in smaller range right above our 4168-62 support until we broke at night and had some inventory come out, we have built stops under us at Previous Day low area and now we are back in 68-62 area waiting for the Data. Watch our Previous day low and 4143-37 area if we can hold, we should at lest flush the stops lower and either keep going or come back in, watch out if they take upper stops first then go for lower and keep going. If we fall out of this range see if we find support at 4123-19 -4100 areas or not
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Watch out if 4143-37 breaks
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Key Intraday support broke, supply above, can we stay below in RTH and continue? we don't have much support below us and now currently under Previous Day Low under Key Intraday Support, if we break Daily Support this thing can go down hard I would watch 4084-77 // 4061-56 // 4046-42 // 4030-25 for lower target and if things get really crazy 4012-08 but we must stay under this Intraday Support and take out daily support
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Didn't accept under Intraday Support this time around, if we cant get back under it we can spend the day in this 4165-4140 area with possible break down under later in the day unless we take out 4168-62 that is now our resistance area and accept above. As mentioned we could spend some time in this range cleaning up but also drop can be unexpected when ready
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If we head back for 43-37 support and take out the open see if we find any support in 4120-4100 area but if not watch out buying supports. If we dont break watch us to trade in this range today but we are at a big area where something might happen at some point
บันทึกช่วยจำ
Intraday Support held Globex test RTH drove away, Previous Day low was broken again but pulled back over and now back inside this ranges value as expected we could just stay here trading between the levels. Levels for this range are above
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BUT watch if we do start coming back in
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Take out 4191-85 have chance at Previous Day high and watch what we do at 4220-14 if we get there. Good chance to stay within Previous Day Range today
บันทึกช่วยจำ
Ran the stops above and fail, if this doesn't get back above watch lower supports unless we just hang here and consolidate more
บันทึกช่วยจำ
For any continuation lower we need 4168-62 taken out and Key Area 4143-37 that might not happen today as they will try to keep us in this area as long as we still have buyers below. Watch 91-85 as our resistance now and 68-62 support. We can balance in this area for a while, see if they try to break it later in the day.
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Watch out if we break 68-62 and hold under vwap don't forget about lower Support and Bigger Supports
บันทึกช่วยจำ
4143-37 Held again and gave a nice bounce, still 2 hours to go but at this point we might stay in this range unless we break it and go here towards the end. If we don't break then keep an eye on these areas going into Sunday Globex
บันทึกช่วยจำ
Intraday support held today and we failed to extend over 4191-85 that is first area of our upper resistance and failed two days in a row to each the next edge at 4220-14 which is for now telling us that we might not have that size covering anymore and starting to have supply. This 4143-37 and 68-62 will be areas to watch going into Sunday Globex
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