Thursday, May 28, 2009

Futures Pointing to a Flat Open...

BMO - ES +1.50 and NQ +3.00 are near unchanged in pre-market trading, about 75 minutes before the open, pointing to a flat opening. Watch the 891 and 875 support levels and the 902 resistance area which is Wednesday's R1 level. Look at these charts for Thursday morning... (click image to enlarge) At the Open on Thursday SPY – dark cloud cover KOL – tombstone doji SHLD – shooting star bearish harami ADBE – bearish harami STLD – shooting star like at horizontal resistance CTV – spinning top EL – bearish harami JOYG – shooting star at horizontal resistance USD – black spinning top JNPR – shooting star doji STT – bearish harami FAS – dark cloud cover ZION – black spinning top OSG – inverted hammer LEAP – shooting star new high close WAB – black spinning top TRLG – white candle at horizontal resistance PWRD – large white candle bull flag breakout X – shooting star at horizontal resistance

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