Could be interesting rest of the day. They are really trying to hold it above resistance. I don't why they keep trying.
Here's the major ... the bulls are fighting for their very lives at this point. (Anything they can hold, they will.)
Remember all, the unemployment report comes out at 8:30 ET tomorrow. Can make for some quick price action. http://www.deltat1.com/economic-events.htm
Well Guys, No ground won or lost by the bears or bulls for a second day. I won't be able to trade in the morning but my numbers for today I will use again tomorrow. I don't know if I will be able to trade in the afternoon either. I hope you guys will leave some money in the market for me to win on Monday. But if you have to take it all at least you guys can buy me a car or something just for being nice...I hope you all have a good trading day and let me know what you did. I'll have most of the weekend to kick myself for not getting to trade. On a side note I closed my Q's play that I put on last week. Made some nice bank on both sides of it which is what I like to do. I am legging into a play on CAL right now and using the profits made for scalp trades on the Q's. If anyone cares about this. GL to all, Gary
Hey Gary, We've had a nice tight range the last couple'a days (I have S coming in at about 1282 and R at 1286+). I'm definitely looking for some breakout action, do know what, just don't know when. Expected it yesterday, but it didn't materialize, so I'm keep'in my eyes on the screen today, I'm sure there's a potential trend opportunity right around the corner ... Best, James