TOP NOTCH TRADING; A DAILY TECHNICAL APPROACH TO STOCK INDEX FUTURES

30-year Bonds, Charts, Commentary, News, Stocks, Technical Analysis

TOP NOTCH TRADING

 “THE FUTURES DEFINED”

    A DAILY TECHNICAL APPROACH TO STOCK INDEX FUTURES

    FOR INFORMATION:  E-MAILhaefketim@gmail.com   12/17/15

            SPH                                       NDH

 

 

2108.20 MAJOR TREND LINE

4788.00 WEEKLY FIB

2103.20*

4764.25* / 4747.50*

2101.70 WEEKLY FIB

4734.75 CONT. HIGH

2098.30*

4729.00 #

2090.50* / 2088.60 #

4718.50* / 4706.00 DAILY FIB

2080.60 DAILY FIB

498.50 STOPS?

2076.10*

4693.25*

2073.10 MINOR T-LINE

4681.00*

2068.00 YEST. HIGH

4669.75 YEST. HIGH

2063.70 YEST. SETTEL

4657.75 YEST. SETTLE

2062.20 PIVOTAL

4652.50 PIVOTAL

2055.50 DAILY PIVOT

4644.00 STOPS?

2051.00 >

4634.25 DAILY PIVOT / 4628.00 >

2048.40 STOPS?

4611.25*

2042.00 v

4599.00 v / 4598.75 #

2035.40 < / 2034.90 YEST. LOW

4594.00 < / 4581.00*

2031.00 # / 2026.10*

4575.00 YEST. LOW / 4569.50*

2022.30 DAILY FIB / 2017.40*

4561.00* / 4552.00* / 4538.75 DAILY FIB

 

A LITTLE SHAKE AND BAKE AFTER THE FED RELEASE DID SEE BOTH FUTURES SPIKE SHARPLY SOUGH AS THEY FOUND NEW DAILY LOWS.  THE ENSUING MOVE DID RALLY UP AND ABOVE THE # PRICE TARGETS FOR BOTH AS IT APPEARS SANTA CLAUS IS COMING TO TOWN.  HOWEVER, I’M NOT COMPLETELY SOLD ON THIS IDEA WITH THE IMPENDING EXPIRATION, BUT I SUSPECT THE HAND WILL BE PLAYED OUT BY TOMORROW’S CLOSE.  FOR TODAY- LEAVING THE SHORT VALUE PRICES WELL BELOW THE SETTLE LEVELS IS ON CONCERN FOR A PULL BACK THAT COULD BE IN ORDER.  THE S&P DID GET EVER SO CLOSE FOR A TEST OF ITS DAILY PIVOT PRICE 2055.50 WITH A OVERNIGHT LOW 2056.00.  AS I WRITE IT’S GETTING TESTED, SO I EXPECT IT TO DRAW A LINE.  THE NASDAQ WORKS WELL ABOVE ITS SETTLE PRICE AS WELL AS ITS DAILY PIVOT LEVEL WITH AN OVERNIGHT LOW 4643.50.  IT SIGNALS MORE STRENGTH HEADING INITO THE OPEN AND IT ALSO OFFERS A FIRST TEST OF SUPPORT IF SEEN.  GOOD TRADING!!

USH

GLOBEX OPEN – 154.10

159.01 WEEKLY FIB

158.28 CONT. HIGH

158.09*                      15 -154.16

157.27*

157.15 LAST WEEK HIGH

Reg.   30 -155.12  60 -155.04

156.23 FIB -2

        30 -155.04  60 -154.19

156.18 #

156.02 FIB -1

24 hr.  30 -154.25  60 -154.30
155.30 STOPS?

        30 -154.30  60 -155.15

155.18 PIVOTAL
155.04*
154.26 >
154.17 YEST. SETTLE
154.02 v
154.00 <
153.29 #
153.19 YEST. LOW
153.12 LT WK LOW
153.02* / 152.29 FIB -1
152.08 FIB -2
151.26 WEEKLY FIB / 151.08*

THE 155.30 PRICE HAS BEEN THE PRE-MARKET HIGH IN TWO OUT OF THE LAST THREE DAYS. IT SUGGESTS A MOVE ABOVE THAT LEVEL MAY TRIGGER STOPS WORKING AN EARLY TREND TO THE UPSIDE IF FOUND TODAY.  I’M THINKING THIS FUTURE IS STILL DIGESTING YESTERDAYS FED ANNOUNCEMENT, SO THE FUNDAMENTAL FLAVOR COULD HAVE A “HANGOVER” EFFECT TODAY. SUPPORT @ 155.04, 154.26, 154.17, & 153.29. RESISTANCE @ 156.02, 156.18, 156.23, & 157.13.


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