As Yen has traded into a previous level, that will be the timing component going into the new week. All 4 North American indices along with a number of sectors have traded into and away from their respective immediate support levels. This represents the lowest probable risk environment as the majority of instruments are working in unison. We will be identifying opportunities in a number of sectors going into the new week and materials, technology and energy represent them. From an index perspective, we are looking to the Russell and Dow Futures for opportunities along with another attempt at a short Euro, idea.
Usually ET management watch "support/resistance...WE" threads very closely because they are usually started by vendors coming here looking for free advertisements (violation of ET policy). ET management then bans them for advertising unless they decide to pay a fee to be a sponsor so that they can continue mentioning their services via the "WE" word or something shown on their charts. Summary: 1) Don't say WE 2) Don't advertise 3) Contact ET management if you're not sure if what you're doing is advertising to prevent from being banned