Wednesday, December 21, 2011 8:45:21 AM
SP Futures 1235-1250-1240-1230
You can see the spike high to 1250 in the Euro and the 1240-1230 test in the FTSE. For the FTSE it is pretty much a gap and fill from the prior day. Looks like a typical Euro sell on the News. Too bad as TNA premarket high was 56.29 which must have been at premarket open. 1230 should be Support for the SP, prior resistance as support in an uptrend, we shall see. QQQ premarket low 55.45, testing support 55.50, so back to the bullish/bearish pivot.
Anticipation is some morning recovery with the same double top selloff at 10:30 but will be watching for support to hold QQQ 55.50 SP 1230. Might be a consolidation day with an afternoon ramp, we shall see.
You can see the spike high to 1250 in the Euro and the 1240-1230 test in the FTSE. For the FTSE it is pretty much a gap and fill from the prior day. Looks like a typical Euro sell on the News. Too bad as TNA premarket high was 56.29 which must have been at premarket open. 1230 should be Support for the SP, prior resistance as support in an uptrend, we shall see. QQQ premarket low 55.45, testing support 55.50, so back to the bullish/bearish pivot.
Anticipation is some morning recovery with the same double top selloff at 10:30 but will be watching for support to hold QQQ 55.50 SP 1230. Might be a consolidation day with an afternoon ramp, we shall see.
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
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