Top Notch Trading 03/23/18

TOP NOTCH TRADING

“THE FUTURES DEFINED”

A DAILY TECHNICAL APPROACH TO STOCK INDEX FUTURES

FOR INFORMATION: E-MAIL- haefketim@gmail.com  03/23/18

 

 

SPM                                     NDM

   
2725.00 # 6892.50 #
2719.75 DAILY FIB 6876.00 DAILY FIB / 6867.25*
2713.25* / 2707.00* 6854.00 -50 DAY M.A.
2698.25 YEST. HIGH 6842.25*
2691.50 > 6824.00 YEST. HIGH
2680.50* / 2678.50 v 6804.50 >
2666.50 < 6781.25*
2661.25 DAILY PIVOT / 2659.75* 6767.50 v
2647.00 STOPS? 6740.50 < / 6734.50 DAILY PIVOT
2643.25 YEST. SETTLE 6715.00*
2642.00 YEST. LOW 6692.00 YEST. SETTLE
2636.75 STOPS? 6687.75 YEST. LOW
2629.25 PIVOTAL 6675.75* / 6655.50*
2625.75* 6649.50 PIVOTAL
2620.50 DAILY FIB 6638.25 -100 DAY M.A.
2617.00 STOPS? 6635.75 DAILY FIB
2605.00* / 2601.75* / 2597.00* 6614.00* / 6598.25*
2584.25 -200 DAY M.A.

2568.25* / 2550.00 #

6577.50* / 6555.25*

6548.25 # / 6539.00*

 

EXTENDED MOVES UNDER YESTERDAY’S LOWS LAST NIGHT KEEPS A NEGATIVE BIAS INTACT AND QUESTIONS IF OVERALL THERE WILL BE A QUEST TO MAKE NEW YEAR LOWS BEFORE IT IS ALL SAID AND DONE. BOTH FUTURES HAVE BOUNCED NICELY AFTER MAKING THEIR CURRENT PRE-MARKET LOWS HEADING INTO THE OPEN. IT LEAVES THEIR PIVOTAL PRICES ON THE SOUTHERN END AT THIS TIME MAKING THEM FIRST FOCAL POINTS ON THE LOWER END, 2629.25 S&P / 6649.50 NASDAQ AND QUESTIONS IF THEY WILL FIND A MOVE TO THOSE LEVELS AFTER THE OPENING BELL. HOWEVER, BOTH LEFT TRAPPED LONGS OFF THOSE EXTENDED MOVES SOUTH TO THEIR LOWS YESTERDAY, 2666.50 S&P / 6740.50 NASDAQ, ALONG WITH THE DAILY PIVOTS WHICH STANDS AS FIRST TESTS BEFORE THOSE LEVELS, 2661.25 S&P / 6734.50 NASDAQ. TOUGH CALL ON WHAT TO EXPECT AS THE S&P FINDS A MOVE ABOVE ITS SETTLE AT THIS TIME PUTTING IT IN POSITIVE TERRITORY, WHILE THE NASDAQ STRUGGLES TO FIND ITS SETTLE PRICE OF 6692.00, WORKING 7-8 HANDLS UNDER THAT PRICE AT THE 8:00 A.M. HOUR. I’LL LOOK TO SEE HOW THE FIRST 30-60 MINUTES UNFOLD, IT SHOULD CLUE ON WHAT IS IN STORE FOR THE DAY, BUT LIKE YESTERDAY GET READY TO STEP UP TO THE PLATE AND SWING BATTER SWING. NEW HOME SALES COME OUT AT 9:00 A.M. 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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