AI
Thursday, January 12, 2012 8:43:15 AM
SP Futures 1285-1298-1290
Overnight rally looks to have double topped ahead of the US Econ news which was bearish and causing a pullback. Whether the pullback will again find support is the question here? TNX is only slightly higher but well below it's declining trendline. Time to see if TNX will have the leading pattern or if the 100SMAs of the Markets will continue to hold support.
My anticipation would be a selloff similar to Jan 6th, we shall see.
Enjoy the Day!
Overnight rally looks to have double topped ahead of the US Econ news which was bearish and causing a pullback. Whether the pullback will again find support is the question here? TNX is only slightly higher but well below it's declining trendline. Time to see if TNX will have the leading pattern or if the 100SMAs of the Markets will continue to hold support.
My anticipation would be a selloff similar to Jan 6th, we shall see.
Enjoy the Day!
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
