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We had a nice volume rally yesterday from the uptrend for the year. The market is holding its trend so do not fade it. Support is 112700-112475. Resistance is 115600.
Showing posts with label Slightly Bullish.. Show all posts
Showing posts with label Slightly Bullish.. Show all posts
Thursday, January 14, 2010
Slightly Bullish
We had a nice volume rally yesterday from the uptrend for the year. The market is holding its trend so do not fade it. Support is 112700-112475. Resistance is 115600.
Thursday, October 15, 2009
Slightly Bullish
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The market has now taken out the 1075.50 resistance. My next resistance is 1095.00. I will be using the old resistance at 1075.50 as support. If we stay above that area we should trade up to 1095.00. Still trading small because this market is so one sided. Buying breaks with tight stops until they hit 1095.00 or violate 1075.50. Next support is 1060.00.
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