Tuesday, October 24, 2023

DTI Daily Rundown - October 24

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On TBUZ TV Today:

4256 Pivot.

4280 Resistance.

4240 Support.

Opens: 2023 3895.00; 3rd Quarter 4485.50; Month 4349.00

Recording from Sunday: https://vimeo.com/876953696/532948fe9e

Connect the Dots at 10:30am ET

Trade Day Tuesday. Look for Power Numbers.

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Market Review:

Back to the Beginning of June.

The month of June in the ES opened at 4188.50. The high of the month was 4498.00 and the low of the month was 4178.00. The May low was 4062.25. May opened and closed right around 4190.00. The 2nd Quarter opened in April at 4127.00.

It has been a few months since we saw these numbers. A quick refresher course seems warranted.

The 2nd quarter information in most markets is where you want to look for support and or resistance levels for the market moving forward.

On Monday, the ES made a new low for the month at 4213.25.


Over 70% of stocks track with the S&P 500 Futures

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Genesis Bar: Oct 23 (11:30am ET)

High: 4266.00

Low: 4255.25

Major Events:

Oct 26 Advance GDP

Oct 27 Core PCE Index

Oct 27 UofM Consumer Sentiment

October 31 Employment Cost Index

Nov 1 ADP Nov-Farm...

Key Numbers Opens: Above or Below

4485.50 was the open of July 2023

4349.00 is the open of the Quarter

4256.25 is the open of the Week

4250.25 is the open

3895.00 is the open of 2023

What's Hot and Not!

Alphabet Inc. (GOOGL)

The open of the year is 89.59. GOOGL opened the 2nd half of the year at 119.24. The 3rd quarter opened at 131.21. The range this month has shown a high of 141.22 and a low of 131.17. This week there will be a few very important reports coming out.

Past performance is not indicative of future results. Futures trading involves substantial financial risk.

Please consult your personal financial advisor before using this information for your own trading purposes.

RISK DISCLAIMER There is a very high degree of risk involved in trading.. DTI Trader and all individuals affiliated with this site assume no responsibility for your trading results. The indicators, strategies, columns, and all other features are for educational purposes only and should not be construed as advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein.

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