Tuesday, June 30, 2009

Futures Pointing to a Flat Opening...

BMO - ES +2 and NQ + 3 are slightly higher in pre-market trading pointing to a flat to slightly higher open. Friday is a holiday, so there are just three trading days left this week. The SPX is near its May high 930 resistance area...if it breaks through it could rise to its June high of 950. If it does not be prepared for a move down from resistance towards support. Stay with the short term up trend as long as it continues...Keep your attention focused if the charts roll over and begin to move down...
Look at these Charts....
(click image to enlarge)
At the Open on Tuesday SPY – white spinning top +0.94% QQQQ – doji +0.08% FUQI – white candle break resistance +16.82% GMCR – white spinning top +4.42% SHLD white candle +4.27% FAS – white spinning top +3.47% TRLG – white spinning top +2.27% ICE – white spinning top +2.02% ESRX – hanging man +1.19% MUR – doji +1.62% JOYG – shooting star +0.68% STT – white candle at horizontal resistance +0.37% AMX – white spinning top continuation +0.88% X – black spinning top +0.27% DECK – bearish engulfing AMZN – bearish harami AAPL – black spinning top PCLN – black spinning top BIDU – black spinning top GES – doji DLB – below 30 DMA SYNA – hanging man NFLX – spinning top

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