Hi, on my last post I said I was waiting for Short Signal…and it will take 1-2 day…so there we are…. The 3 reasons why I Short this: 1st: We never closed above 1432.00 ,The price was not supported one more time. 2nd: we touch my “Blue” Trend line 3rd: 90% of others index are going…
Day trading – Buyers are weak in morning trading Sellers exhausting as S&P500 emini futures hitting support as earnings are revealing a weaker business economoy. The S&P500 emini futures contract hit support this morning at 1424.25 and price has been moving in a consolidated range from 1424 to 1430. A 6 point range on light…
Market Rally lacks commitment on the move up as volume in the S&P500 emini futures is around 1.2 million. Day Traders are not committed to this move up on the S&P500 emini futures. We have support coming in on short term of 1390 and 1401.25 with resistance at 1403.75 and 1409.25. The long term Point…
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