Monday, December 19, 2011 8:27:19 AM
SP Futures 1202-1220-1215
You can see the test of recovered support in the Euro/FTSE charts. Euro offering an inverted H&S and the FTSE trying to build some higher support from it's morning open. Both are bullish but only if can get another higher breakout and higher support. Would be watching FTSE/Euro for recovered support above 5400, Euro 1.304. SP over 1220 at the MKTSS 100sma would lead us back into Bullish territory as long as it starts to Incline and hold Support. Until 1220 is recovered as Support there could still be a lot of testing.
For now anticipating the FTSE morning trend to continue bullish.
QQQ premarket high 55.30 with 55.50 the bullish pivot
You can see the test of recovered support in the Euro/FTSE charts. Euro offering an inverted H&S and the FTSE trying to build some higher support from it's morning open. Both are bullish but only if can get another higher breakout and higher support. Would be watching FTSE/Euro for recovered support above 5400, Euro 1.304. SP over 1220 at the MKTSS 100sma would lead us back into Bullish territory as long as it starts to Incline and hold Support. Until 1220 is recovered as Support there could still be a lot of testing.
For now anticipating the FTSE morning trend to continue bullish.
QQQ premarket high 55.30 with 55.50 the bullish pivot
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
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