Wednesday, May 20, 2009
Futures Pointing to a Flat to Higher Open...
BMO - ES +6 and NQ +5 are up in pre-market trading pointing to a flat to slightly higher open. Since Tuesday was a high day watch the support low SPX 905 and Monday's S1 897 as key short term support levels. Short term traders would again be on a Yellow Alert if short term support is broken. This week so far the SPX has had one thrust day and one pause day...
Take a look at these stocks going into Wednesday...
(click image to enlarge)
At the Open on Wednesday
SPY – black shooting star
KOL – white shooting star at horizontal resistance
FAS – dark cloud cover
URE – black spinning top
USD – white candle break high of low day
STT – white spinning top at horizontal resistance
ZION – large black candle pullback to support
EBAY – white hanging man above horizontal resistance
ADBE – white spinning top
WYNN – black candle
SCHN – large white candle
STLD – large white candle
JNPR – white candle continues support bounce
CTV – large white candle continues support bounce
OSG – black spinning top above Monday’s S1 level
EL – black spinning top above Monday’s S1 level
WHR – black spinning top
RIMM – white spinning top
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