I thought the market was being supported by strong buyers earlier today, but after trading sideways for four hours the e-minis broke to new daily lows and dropped as far as 898.75. I think this reaction will probably reach 875 over the next day or two. If so I think that the 912 level will now be resistance above the market.
4 comments:
Hi Carl:
Please post this for your readers,
http://www.theonion.com/content/news/recession_plagued_nation_demands
Thx,
Rick B.
the market will blast through 912 easily tomorrow. like hot knife through butter.
carlos
Carl,
I am long 3Xinverse ETFs as of yesterday.
-win
Hi Carl,
A close today below 894.50 is a confirmed sell signal. I took a short position at 896.00 just a moment ago.
Thanks.
Kindest regards,
PM
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