Tuesday, December 06, 2011 7:37:20 AM
SP Futures 1245-1250-1260
Once again the Euro reverses overnight. It was back to resistance but helped by German factory orders showing strength. Again you can see a potential double top in the FTSE and the Euro testing at 1.34. Possibly just a bear flag on the Euro so would watch 1.34 for support or breakdown. Once again SP back to watching 1240/1250 as the support levels with 1260 potential resistance. Again the anticipation is a double top selloff to retest support, we shall see.
QQQ premarket high 57.55
Once again the Euro reverses overnight. It was back to resistance but helped by German factory orders showing strength. Again you can see a potential double top in the FTSE and the Euro testing at 1.34. Possibly just a bear flag on the Euro so would watch 1.34 for support or breakdown. Once again SP back to watching 1240/1250 as the support levels with 1260 potential resistance. Again the anticipation is a double top selloff to retest support, we shall see.
QQQ premarket high 57.55
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
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