Thursday, April 15, 2010
Slightly Bearish
The market has reached one of my resistance areas at 120675 and held for now. I am short small leaning on that area. If this area gets violated I have 121400 as resistance. This market is very hard to get in front of right now. There is light volume and the Bulls have had there way with it. I will be trading from the short side as long as we stay below 121400. I will be watching the volume very closely today. Along with the direction of the dollar. Right now the dollar is up and we are down. If the dollar stays strong today we should stay down on the day. Support is 118675.
Labels:
Slightly Bearish
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment