Day trading S&P 500 emini futures. We are looking at supporting trend line and the the possibility of making new short term highs. Alot of resistance coming in around 775-80. If we make it that high. Could be a lure to get more investors to commit their little pension funds and 401k’s …… be careful
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.
Markets could rally a bit more if the Asian markets rally in the after hours.
Lots of pressure with Eastern Europe going bankrupt, expecting to see the Euro move down and GBP down ward pressure.
Got to get over the 745 Resistance to make a start on a multi month move.
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