Top Notch Trading 01/27/17

TOP NOTCH TRADING

“THE FUTURES DEFINED”

A DAILY TECHNICAL APPROACH TO STOCK INDEX FUTURES

FOR INFORMATION: E-MAIL- haefketim@gmail.com   01/27/17

 

 

SPH                                      NDH

   
2318.25* 5234.25*
2312.75 # 5208.00 #
2303.50* 5194.25*
2299.50 CONT. / ALL TIME HIGH 5181.50 MINOR TREND LINE
2299.25 DAILY FIB 5173.50*
2297.25 STOPS? 5171.75 DAILY FIB
2296.50 YEST. HIGH 5168.50 CONT. / ALL TIME HIGH
2294.25 > / PIVOTAL 5164.50 STOPS?
2294.00 YEST. SETTLE 5163.25 YEST. HIGH
2293.50 DAILY PIVOT 5156.00 >
2291.75 < 5153.75 PIVOTAL / 5153.00 v
2289.50 YEST. LOW 5148.50 < / 5147.75 YEST. SETTLE
2286.75 DAILY FIB 5141.75 YEST. LOW
2282.25 STOPS? 5133.50 DAILY FIB
2277.00* 5125.00*
2274.50 SETTLE GAP 5116.50 STOPS?
2272.50 # 5101.25* / 5096.50 SETTLE GAP
2267.50* / 2260.50* 5083.00* / 5072.00 #

 

THESE TWO DID PRETTY MUCH WHAT I THOUGHT THEY WOULD WITH THAT OPEN UNDER THOSE PIVOTAL PRICES YESTERDAY AS THEY WERE NEVER FOUND, BUT DID MANAGE TO WORK TO NEW LOWS DURING THE DAY. HOWEVER, NEITHER ONE FOUND THE PREVIOUS DAYS PIVOTAL PRICES OF 2282.25 S&P / 5116.50 NASDAQ WHICH ARE LABELED AS STOP LEVELS TWO DAYS RUNNING, A MOVE I THOUGHT THEY COULD REACH, LEAVING THOSE LEVELS AS MAIN FOCAL POINTS ONCE AGAIN TODAY. UP TOP SHOULD BE ALL ABOUT THE PIVOTAL PRICES FROM YESTERDAY AND ARE ALSO LABELED AS STOPS, MAKING THEM FIRST TARGETS OF INTEREST UP TOP. I SUSPECT A TURN OF THOSE LEVELS TAKE ON THE PRE-MARKET / ALL TIME CONTRACT HIGHS MADE BEFORE THE OPEN. THE EARLY DURABLE GOODS AND GDP DATA REPORTS FELL SHORT OF EXPECTATIONS, BUT IT APPEARS THESE MARKETS ARE JUST SHRUGGING THEM OFF WHICH TO ME RAISE SOME RED FLAGS. CONSUMER SENTIMENT IS OUT AT 9:00 A.M., SO IT SHOULD BE INTERESTING HOW THEY JOCKEY FOR POSITION IN THE FIRST HOUR OF TODAYS SESSION. USE THE ABOVE TABLE FOR OTHER LEVELS OF INTEREST AND I’LL SEE WHAT OBJECTIVES ARE SPELLED OUT AFTER THAT FIRST HOUR. 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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