Daytrading Technical Analysis · Trading Game Plan

2016/11/07 – Intraday Charts & Game Plan

Futures

 

Dow 30

Support: 17920, 17870

Resistance: 18085, 18110

Game Plan: After FBI headline, gapped up above Oct swing low but now in no-man’s land. Advise to only scalp trade until after Election. Short 18100 or long 17920.

20161107-YM.png

S&P 500

Support: 2102, 2086

Resistance: 2112, 2121

Game Plan:  Gapped just above Sept swing low on FBI headline, and holding it so far. Downtrend resistance looms above 2110

20161107-ES.png

 

NDX 100

Support: 4686, 4660

Resistance: 4730, 4751

Game Plan: Gapped up to downtrend resistance and so far repelled. More resistance looms after at 4760 area. Still a lot of noise and should wait til confirmed close above 4760 to go long.

20161107-NQ.png

Crude Oil

Support: 43.2, 42.8

Resistance: 44.77, 47

Game Plan: Gap back up above 44, but steep down channel continues to dictate the ST trend.

 

20161107-CL.png

Gold

Support: 1287, 1269

Resistance: 1306, 1318

Game Plan: Plunged to support off up channel. Jury still out which way it breaks out from here, trade the range in the meantime between 1287 and 1306.

20161107-GC.png

10-Yr Treasury Note

Support: 129.67, 129.27

Resistance: 130.4

Game Plan: Gapped down to broken descending trendline. Sideways trading between horizontal resistance and the trendline.

20161107-TY.png

 

US Dollar Index

Support: 97, 96.5

Resistance:  97.6, 98

Game Plan: Gapped up to key swing point at 97.5 and nearing descending trendline. A breakout would target 98 the next swing point and top of ascending channel.

20161107-DX.png

Nikkei 225

Support: 16840, 16700

Resistance: 17160, 17330

Game Plan: Gapped to Sept swing high and consolidating. Now in middle of no-where , wait for spike to 17300 for short or gap to fill on the downside. Similar to US futures, only quick scalp trades.

20161107-NK.png

 

Currency Pairs

USD/JPY

Support: 104, 103.3

Resistance: 104.41, 104.54

Game Plan: Gapped up to cluster of key resistance. Can short at 104.4 with stop above 104.5. Long side better wait for gap to be filled at 103.3

20161107-USDJPY.png

EUR/USD

Support: 1.1050, 1.1026

Resistance: 1.1127, 1.12

Game Plan: False breakout from trendline resistance after weekend headline, now strong resistance again at 1.1127. ST running out of steam, likely pullback to low 1.10 area.

20161107-EURUSD.png


GBP/USD

Support: 1.2411, 1.2302

Resistance: 1.2577, 1.27

Game Plan: Consolidating gains after massive spike up above crucial down channel. Dip buy retest of broken channel at 1.2411 area.

20161107-GBPUSD.png

AUD/USD

Support: 0.7666, 0.7631

Resistance: 0.77, 0.7720

Game Plan: Broke triangle wedge without conviction and follow-through, hence directionless trading continues between horizontal resistance and broken triangle wedge

20161107-AUDUSD.png

 

USD/CAD

Support: 1.33

Resistance: 1.345

Game Plan: Still can’t break loose after taking out swing highs from earlier October, bounded by upper channel line and in a tight range. Buy on break above 1.345 or at 1.3300

20161107-USDCAD.png

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