Daily note Jan10

Jan 10

Euro futures

Daily bias = short.
Pivot points = 129.29, 129.44 (both fib worked out after low for day established)
Has broken major 50% retracement levels, look to run shorts when in a good trade otherwise selectively put on longs for quick profit. Market has dropped so far some short covering should be expected.

AUD futures

Daily bias = long. 50% retracement held at 98.44 and strong reaction to retail sales.
Pivot points = 98.44, 99.57, 99.97
Look to establish longs. Run where possible.

E-Mini S&P500 futures

Daily bias = short after NFP
Pivot points = 1272 (daily downtrend), 1262.50 (Market Profile), 1250.50 (MP)