Top Notch Trading 01/04/18

TOP NOTCH TRADING

“THE FUTURES DEFINED”

A DAILY TECHNICAL APPROACH TO STOCK INDEX FUTURES

FOR INFORMATION: E-MAIL- haefketim@gmail.com   01/04/18

 

 

SPH                                      NDH

   
2735.50* 6651.75*
2729.25 # 6632.75 #
2724.75* 6624.00*
2720.75 DAILY FIB 6616.25 DAILY FIB
2716.25 PIVOTAL 6608.50 STOPS?
2714.25 YEST. / YR / CONT. HIGH 6602.75 PIVOTAL
2713.00 > 6591.25 YEST. / YR / CONT.HIGH
2712.00 v 6589.75 >
2711.00 YEST. SETTLE 6584.50 YEST. SETTLE
2707.50 DAILY PIVOT 6572.75 v
2706.00 < 6567.25 DAILY PIVOT
2703.50* 6562.25 <
2700.75 STOPS? 6552.75 STOPS?
2697.00 YEST. LOW 6543.25*
2692.50* 6526.00 YEST. LOW
2690.50 DAILY FIB 6514.00* / 6501.00 DAILY FIB
2686.75* / 2680.00 WKLY PIVOT 6488.00* / 6462.25*
2676.25 # / 2657.50 WKLY FIB 6448.00 # / 6418.50 WEEKLY PIVOT

 

I KNEW THESE TWO WERE ON A MISSION TO MAKE NEW CONTRACT HIGHS, BUT I FIND IT HARD TO BELIEVE THEY CONTINUE THEIR WAYS ON SUCH A JUGGERNAUT PACE TO UNCHARTED TERRITORY. TAKING ON HIGHER GROUND HAS LEFT THEIR PIVOTAL PRICES BELOW FOR FIRST TESTS ON ANY PULL BACKS HEADING INTO THE OPEN (2716.25 S&P / 6602.75 NASDAQ). FOR TODAY- THE S&P EYES ITS DAILY FIB OF 2720.75 FOR A FIRST TEST AS IT APPEARS IT MAY BE FOUND BEFORE THE BELL. ABOVE THAT LEVEL COMES NEXT LEVELS OF INTEREST AT 2724.75 AND TODAY’S # PIRCE TARGET 2729.25. FINDING A CURRENT PRE-MARKET LOW OF 2708.50 LEAVES THE DOOR OPEN FOR A MOVE TO THAT LEVEL WITH A TURN OF THE PIVOTAL PRICE TARGETING TODAY’S DAILY PIVOT AT 2707.50. THE NASDAQ ALREADY HAS TESTED ITS DAILY FIB OF 6616.25 WITH A CURRENT PRE-MARKET HIGH OF 6617.50 AS I WRITE. ANY FURTHER ADVANCE TAKES ON NEXT TARGETS OF 6624.00 AND TODAY’S # PRICE OBJECTIVE 6632.75. A TURN OF ITS PIVOTAL PRICE OFFERS A LOOK AT ITS PRE-MARKET LOW OF 6580.00, FOLLOWED BY TODAY’S DAILY PIVOT 6567.25. OVERALL THESE TWO ARE STRETCHING THE STOCH’S AND RSI SIGNALS INTO OVERBOUGHT STATUS, BUT AS LONG AS THEY CONTINUE TO “FLOAT” IN THEIR CURRENT FORMATION IT’S A TOUGH CALL WHEN THEY WILL TURN. 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.

© TOPNOTCH TRADING