AI
Monday, January 30, 2012 8:50:38 AM
SP Futures 1310-1305-1302
Futures testing for support above 1300 for now.
Euro back to it's last tested support at 1.31.
Anticipation would be consolidation this area to test the support.
If 1300 breaksdown and rolls to resistance we could get another accelerated selloff, use Caution on Longs.
If 1300 holds support we could see another bounce to 1310 to test resistance again, but the anticipation is a drop into mid Feb.
Nothing wrong with locking in any Short/Puts gains short term though.
Have a Wonderful Week!
Futures testing for support above 1300 for now.
Euro back to it's last tested support at 1.31.
Anticipation would be consolidation this area to test the support.
If 1300 breaksdown and rolls to resistance we could get another accelerated selloff, use Caution on Longs.
If 1300 holds support we could see another bounce to 1310 to test resistance again, but the anticipation is a drop into mid Feb.
Nothing wrong with locking in any Short/Puts gains short term though.
Have a Wonderful Week!
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
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