- Pivot High – 1843
- Pivot Low – 1832
- Opening Range High – 1851
- Opening Range Low – 1815
- Pivot High – 13.2
- Pivot Low – 12.59
- Opening Range High – 14.6
- Opening Range Low – 11.8
I’ve been hearing some chatter about the NDX 100 topping here. So far, I don’t see it.
The S&P 500 weekly is showing a close near previous highs at 1687. If the highs are broken, 1703 could be tested, while a sell off could retest 1662 or lower. My weekly outlook is bullish.
The opening range for the next six months has completed. They are the following:
S&P 500 Cash
I will be watching these numbers closely in the weeks to come.
The market continues to show strength, although momentum has waned quite a bit. Even though I am bullish on the market, the risk/reward for opening new longs here is unfavorable. Until I see signs of weakness, my weekly outlook remains bullish.
On a related note, the opening range for the ESM13 contract is between 1558.75 – 1529.25. The pivot range is 1551 – 1544.