“Identifying Institutional Entry & Exit Levels”
Nasdaq 100 (Futures) 15 – minute levels to be aware of for the coming week
15 min – SUPPLY alert level 5076: 15 min – DEMAND alert level # 1 – 5032
OUR EDUCATIONAL OPINION: The Nasdaq 100 continues to consolidate on this time-frame, and we see 5076 (from January 19th) as the next supply area. Whilst buyers are located at 5032 (January 17th), (our argument is based upon price moving sharply higher or lower from these aforementioned levels).
Economic timetable for the week ahead – note that this is a snapshot of upcoming events
Market Manufacturing PMI (Jan) preliminary 09.45am Tuesday January 24th
Housing Price Index (MoM) (Nov) 09.00am January 25th
Gross Domestic Product Annualized (Q4) preliminary 08.30am Friday January 27th
Market Tone – This educational opinion is based solely on overbought/ oversold stochastics, candlestick patterns, and pure institutional price action.
Nasdaq 100 (Futures) 60 – minute levels to be aware of for the coming week
60min – SUPPLY alert level 5076: 60min – DEMAND alert level # 1 – 5001: # 2 4958
OUR EDUCATIONAL OPINION: The Nasdaq 100 continues to consolidate on this time-frame, and we see 5076 (from January 19th) as the next supply area. Whilst institutional buyers are located at 5001 (January 12th) with a lower level at 4958 (January 6th)
Our Methodology We look for areas within these time frames where price could not stay for any significant length of time, and in many cases moved away from the level in a fast fashion, (indicating institutional buyers or sellers in or around these price points). In many cases ‘fundamental’ news-flow can drive prices to these higher probability levels, and that is why we include a calendar of select upcoming events and the time of their releases.
S&P 500 (Futures) Daily levels to be aware of for the coming week
OUR EDUCATIONAL OPINION: The SPX continues to consolidate on this time-frame, and we see 2278 (from January 10th) as the next supply area. Whilst buyers are located at 2261 (January 11th)
Daily – Possible breakdown level – 2258: DEMAND alert level # 1 – 2185: # 2 2085
Group action indicates that the current daily down-trend on these four precious metals names has concluded, and a new upward trend (albeit early stages) is starting to develop.
Daily chart – A close above 101.74 could signify that institutional investors are increasing flows into USD’s once again.Professional investor sentiment (as measured by the futures markets) is currently positive towards the USD.
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Information is for paid customers and may not be copied or distributed Copyright 2017