Disclaimer: Futures and options trading involves substantial risk. The valuation of futures and options may fluctuate, and as a result, Clients may lose more than their original investment. In no event should the content of this material be construed as an express or an implied promise, guarantee or implication by or from My Trading Network by Performance Trading LLC that you will profit or that losses can or will be limited in any manner whatsoever. Past results are no indication of future performance. Information provided here is intended solely for informative purposes and is obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Not Responsible for typographical errors.
Expecting a range day depending on how the market reacts to consumer confidence. 1145.50 is a significant area to the upside and yesterdays high was 1149.75 look for resistance to become support. Below 1130.50 things could get ugly. We tested that area overnight. Looking to sell highs and buys lows.
We have a gap today below at 1137.75 (edited from 1147.75) and below at 1105.00 from awhile ago.
Consumer Confidence at 9 CT
Bond auctions at 10:30 CT and 12:00 CT.
