Tuesday, May 19, 2009
Futures Pointing to a Flat Open...
BMO - ES +1 and NQ -3 are trading flat in pre-market trading pointing to a flat open. Looks like we may need to wait for cash markets to open to see if the support bounce will follow through or if Tuesday will be a pause day.
Look at these charts for Tuesday morning...
(click image to enlarge)
At the Open on Tuesday
SPY – large white candle support bounce
KOL – large white candle confirms inverted hammer
FAS – support bounce large white candle
URE – large white candle break high of low day
USD – white candle break high of low day
STT – bullish engulfing
ZION – large white candle break high of low day
WAB - large white candle break high of low day
EBAY – large white candle resistance breakout new high close
ADBE – white candle break high of low day
WYNN – white candle inside day
SCHN – large white candle break high of low day
JNPR – white candle break high of low day
CTV – white candle support bounce
BBT – white candle confirms hammer
OSG – white candle breaks high of low day
EL – white candle breaks high of low day
WHR – white spinning top confirms inverted hammer
RIMM – hanging man
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