Off and running did see both index futures find those pivotal prices, holding sway, leading a move to trade above the pre-market highs on their way to test yesterdays regular session high and last but not least, maybe looking for those weekend / contract highs made as the trade moves forward.
The S&P 500 opened at 2177.00-2178.00, finding a pit current low at this time while the mini gave a fill at the 2176.30 pit / 2176.25 mini pivotal price, low 2176.00 on its way to test the pre-market high of 2179.00. The pit printed 2178.50 while the mini found that 2179.00 price, but a higher low in the pit, 2178.20, 2178.00 mini held the opening range high leading a move to highs at 2180.00 pit / 2180.25 mini. On the 9:00 a.m. wholesale number they took another run south that found a mini low at 2177.50, once again holding the opening range and by now the fat lady was singing to the long side. Taking out yesterdays high closes in on the 2182.60 and daily fib 2183.90 prices for next tests, current pit high 2182.00 / mini print 2182.50.
The NASDAQ opened at 4784.50 and found its pivotal price of 4782.50 to its liking with a current low of 4782.00. A move to new highs at 4792.75 found a low at 4789.00, followed with a move to the 4798.50 price, as it took aim at the weekend high of 4800.75. However, another higher low ensued off that 4798.50 price, low 4790.50, which in turn held yesterdays regular session high spot on, as it did find the 4800.75 price, falling short of a resistance level 4803.00, current high 4801.75. Some back and fill at this time asks whether or not more upside is coming as it appears decision time is at hand. Early returns look for the 4791.00 price at this time.
Overall these two are trending higher since holding those pivotal prices as they appear both poised to higher ground.
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