AI
Wednesday, March 12, 2003 10:00:00 AM
Mini Dow Futures Watch
The overnight futures dropped down to 7445 before finding support. There was a spike to 7555 at 7 AM, the Osama report? The futures then found support at 7465 and have been climbing ever since back to resistance at 7445. 7450 might be our new resistance level to watch. Breaking back past that point and having it become Support would give the markets a short term breakout and perhaps a short term rally. A move back below 7500 could see a full reversal to 7445 or lower. SPX resistance level to watch is 805 for a breakout and support. A move back below 798 might signal a retracement, maybe. Bonds are still looking fairly strong so we will just have to see if we get our Max Pain rally day or not.
The overnight futures dropped down to 7445 before finding support. There was a spike to 7555 at 7 AM, the Osama report? The futures then found support at 7465 and have been climbing ever since back to resistance at 7445. 7450 might be our new resistance level to watch. Breaking back past that point and having it become Support would give the markets a short term breakout and perhaps a short term rally. A move back below 7500 could see a full reversal to 7445 or lower. SPX resistance level to watch is 805 for a breakout and support. A move back below 798 might signal a retracement, maybe. Bonds are still looking fairly strong so we will just have to see if we get our Max Pain rally day or not.
Good Luck to All! :^)
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