Thursday, December 22, 2011 8:08:17 AM
SP Futures 1232-1235-1240-1245
Overnight retest of SMA support 1232 and trying to build some uptrend.
Unemployment/GDP economic news comes out at 8:30, so far nothing negative anticipated.
SP needs a good break over 1245 to retest 1250/1260, support should hold 1240/1235 at the 100SMA.
So far the FTSE/DAX mood is positive, will see if it changes on the econ news or not.
QQQ premarket high 55.30, need break to test 55.50 pivot, 55 as support.
Anticipation would be a gap up that consolidates for now.
Overnight retest of SMA support 1232 and trying to build some uptrend.
Unemployment/GDP economic news comes out at 8:30, so far nothing negative anticipated.
SP needs a good break over 1245 to retest 1250/1260, support should hold 1240/1235 at the 100SMA.
So far the FTSE/DAX mood is positive, will see if it changes on the econ news or not.
QQQ premarket high 55.30, need break to test 55.50 pivot, 55 as support.
Anticipation would be a gap up that consolidates for now.
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
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