Last Week of January

With all the economic releases and earnings reports coming out this week, it should provide plenty of volatility for short-term traders. I'll be trading very lightly this week, if I put on any trades at all; not due to the economic #s and earnings but because I have a technology project I really need to finish up, so I'll be dedicating the evenings working on the project. It's a win/win since it may actually keep me out of trouble during this volatile week, and it provides even more trading capital :-)

In other news, My Trading Rules were mentioned on The Kirk Report, which was very cool and as a result I now have a few more people following along on this Blog. Glad to have you guys here.

Some numbers to keep in mind:
865.75 - Previous week high
831.50 - Previous week mid-point
823.50 - Previous week close
797.50 - Previous week low
Based on Historical Volume Trends (where majority of the trades occurred), the 817 - 822 area is important, and then the 848 area.

Here are some Fib levels I'll be keeping an eye on this week (60-min chart)
817.75 - 50% retrace
807.25 - 78.6% retrace
849.94 - 38.2% extension


If you have any questions, or have your own S/R numbers you'd like to share, please do so by utilizing the comments section.

S/R Numbers For Upcoming Week

From Hourly Chart

• 942.75 - 200-bar High
• 857.75 - 50-bar High
• 842.00 - 50% Fib Retracement
  
• 826.50 - 5, 10, 20-bar Low
• 812.75 - 50 & 200-bar Low

From 4-Hour Chart

• 942.75 - 50 & 200-bar High
• 893.00 - 61.8% Fib Retracement
  
• 877.75 - 50% Fib Retracement
  
• 875.00 - 20-bar High
• 857.75 - 5 & 10 -bar High
• 826.25 - 5-bar Low
• 812.75 - 10, 20, 50-bar Low
• 812.50 - 200-bar Low
  

From Daily Chart

• 1008.00 - 50-Day High
  
• 942.75 - 20-Day High
• 885.50 - 5-Day High
• 877.75 - 50% Fib Retracement
• 812.75 - 5 & 20-Day Low
• 747.75 - -50% Fib
  
• 738.50 - 50 & 200-Day Low
  

From Weekly Chart

• 812.75 - Previous Week's Low
• 885.50 - Previous Week's High
• 848.50 - Previous Week's Close

From Monthly Chart

• 812.50 - December Low
• 897.00 - December Open
• 900.00 - December Close
  
• 918.75 - December High
• 942.75 - January High
• 965.25 - November Open
• 1008.00 - November High
• 976.25 - January, 03' Close, February 03' Open
• 985.50 - February 03' High