Day trading live room Market rally
The market is rallying on low volume. It doesn’t look like we are going to break above 900 but we have a definite “v” pattern on the S&P 500 emini.
The market is rallying on low volume. It doesn’t look like we are going to break above 900 but we have a definite “v” pattern on the S&P 500 emini.
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The S&P 500 emini futures are still being held between the two points of control for the intraday trading charts. We are looking for a bit more volume to take us out of the narrow range trading channel.
Unemployment news will be out at 8:30 and at 10:00 we have industrial orders. It seems we are in a mid term rally that is stalling out. I was looking for highs around 765 but it seems that the resistance (Ceiling) is close to being set.
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