Market Sense and Sentiment

[bbgold]

FTSI Down, Futures Down, PMI Down
The Futures had their patented 4 AM selloff again today. So far they have found some support at 790 but I am not sure it will Hold or not. If it does hold then we should get another bounce. We have a lot of resistance levels again so if we do bounce I am not sure how high we will go. Looking at 7400 Dow Support and 7500 Resistance. I think that Peace may have been right on target with using the 320SMA as our Put target. That would have been in line with a Plan trade even though it was not at the EOD. I think that my own personal anticipation of a HOD at EOD was just speculation. Today is Max Pain day so perhaps it will work it's Magic again? Let's see if we can get the Bounce! :^)

Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!