Top Notch Trading 04/30/15

TOP NOTCH TRADING

“THE FUTURES DEFINED”

A DAILY TECHNICAL APPROACH TO STOCK INDEX FUTURES

FOR INFORMATION:  E-MAIL- haefketim@gmail.com   04/30/15

 

 

SPM                                     NDM

2125.80 WEEKLY FIB 4562.50**
2122.40** 4555.50 WK / CONTRACT HIGH
2119.00 WK / ALL TIME HIGH 4545.25**
2115.60** 4537.25**
2113.10 DAILY FIB 4532.00 DAILY FIB
2110.30 # 4522.00**
2107.00 YEST. HIGH 4511.00 YEST. H IGH
2103.40 > / 2102.60 STOPS? 4499.00 v / 4498.50 #
2099.00 v 4489.00 v
2098.90 DAILY PIVOT 4482.50 DAILY PIVOT
2098.60 YEST SETTLE 4479.75 YEST. SETTLE / 4478.50 <
2096.40 < 4466.75 STOPS?
2094.50 PIVOTAL 4456.25 YEST. LOW
2091.00 YEST. LOW 4454.25 PIVOTAL
2088.70 WEEK LOW 4442.25** / 4435.25 DAILY FIB
2085.00 LT WK LOW / 2084.90 DAILY FIB 4427.75 #
2081.80 -50 DAY M.A. / 2079.50 # 4416.25** / 4407.25**
2073.70 WKLY FIB / 2068.10 T-LINE

2057.60-2054.40 TARGET AREA?

4401.25 -50 DAY M.A.

4383.50** / 437.25** / 4366.25**

 

THE FOMC RELEASE WAS A NON-EVENT YESTERDAY, WHICH ALL BUT LEAVES HOW THESE FUTURES ABSORB THE WORDING OF SUCH RELEASE IN THE NEAR TERM. THE S&P IS MOVING RIGHT ALONG WITH A BEND ME, BUT WON’T BREAK ME RANGE BOUND MENTALITY TO IT, WHILE THE NASDAQ FUTURE ERODES AT A GREATER CLIP. IT SIGNALS A “SNAFU” CHARACTERISTIC DISORDER BETWEEN THE TWO, WHICH IN TURN HINTS TOO BETTER PERCENTAGES THAT A MOVE SOUTH IF FORTHCOMING. TIME WILL TELL. FOR TODAY- ONE THING I CAN SAY FOR SURE IS I DON’T LIKE THE MAKE UP OF TODAYS SET UP FOR THESE TWO. LOTS OF IFFY SCENARIOS AT HAND KINDA CONFIRMS MORE DOWNSIDE. THE S&P’S 50 DAY MOVING AVERAGE DID “COWER” FROM A YESTERAY OBJECTIVE AT 2081.90 AND FOLLOWED WITH A MOVE 1 TIC LOWER TODAY, 2081.80. ANOTHER CLUE AT THIS TIME THAT SOMETHINGS AMISS. IF A MOVE DOES HEAD SOUTH FOR THE S&P, A FIRST ORDER OF BUSINESS WILL BE TO TAKE OUT LAST WEEKS LOW OF 2085.00 FOLLOWED BY A TEST OF THE 50 DAY. DOWNSIDE # PRICE AT 2079.50 IS CLOSE BY, WITH OTHER LEVELS OF INTERST AT 2073.70 AND 2068.10. UP TOP LOOKS FOR FIRST TESTS AT TODAYS PIVOTAL PRICE 2094.50 / LONG VALUE 2096.40. THE NASDAQ IS CIRCLING THE WAGONS AT ITS P IVOTAL PRICE OF 4454.25 HEADIN INTO THE OPEN. UP TOP LOOKS FOR FIRST LEVELS AT 4466.75 AND 4478.50, WITH DOWNSIDE TARGETS AT 4442.25, DAILY FIB 4435.25, DOWNSIDE # PRICE 4427.25, AND A TESTY LEVEL OF 4416.25. GOOD TRADING!!

THE INFORMATION PROVIDED IS BASED ON SOURCES I BELIEVE TO BE RELIABLE. I DO NOT REPRESENT THAT IT IS COMPLETE OR ACCURATE. THE OPINIONS CONTAINED HERE ARE NOT TO BE CONSIDERED AS AN OFFER TO BUY OR SELL THE FINANCIAL INSTRUMENTS PRINTED HEREIN. ANY OPINIONS ARE BASED SOLELY BY THE AUTHOR.

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