Thursday, July 30, 2009

Target is close above a 982 today.

I did not get a chance to run any studies last night. Even if i did, i don't think i would have found many based on the close yesterday. HOWEVER, I still have the a close above S&P 982/983 area as a target for today based on this study from two days ago. Futures are currently up quite a bit and i suspect some traders may be inclinded to short any gap up. I would be careful with such shorts and not overstay my welcome as i think we may begin the next leg up today, possibly with a trending day.


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