AI
Thursday, April 03, 2003 10:31:33 AM
Futures Watch
Overnight support was near 876 and led to a rally to 889 in Premarket. Dow Futures support was at 8230 and resistance at 8350 Premarket. We are now retesting the overnight support levels and they seem to be holding, for now. DIA looks to have been as high as 83.85 in Premarket? Will be watching to see if the lower support levels will hold. No clear signals here as far as HOD or LOD in the Markets other than the TNX might be nearing a LOD signal. TNX trading below it's upper SMA but support at it's lower SMA. Watching to see which wins, support or resistance, on the TNX chart might give us an indication of the trends next direction. I would not get too Put happy until we lose the lower support at the 100/320SMA. JMHO though
Overnight support was near 876 and led to a rally to 889 in Premarket. Dow Futures support was at 8230 and resistance at 8350 Premarket. We are now retesting the overnight support levels and they seem to be holding, for now. DIA looks to have been as high as 83.85 in Premarket? Will be watching to see if the lower support levels will hold. No clear signals here as far as HOD or LOD in the Markets other than the TNX might be nearing a LOD signal. TNX trading below it's upper SMA but support at it's lower SMA. Watching to see which wins, support or resistance, on the TNX chart might give us an indication of the trends next direction. I would not get too Put happy until we lose the lower support at the 100/320SMA. JMHO though
Good Luck to All! :^)
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