Tuesday, June 2, 2009
Futures Pointing to a Flat Opening...
BMO - ES -0.25 and NQ - 1 are down slighty in pre-market trading point to a flat to slightly lower open. Since Monday was a large white candle the mid-section is S1, 932 on the SPX, which is a key short term support along with the 200 DMA, 927 on the SPX. A pull back after three strong up days, three white soldiers candle pattern, would be likely. A pull back that stays above 927 to 932 would be an indication of few profit takers and buying continuation. A pull back to a higher low would be an new entry opportunity...
Take a look at these charts...
(click image to enlarge)
At the Open on Tuesday
SPY – white candle new high close
KOL – white spinning top
USD – large white candle break horizontal resistance
FAS – white spinning top
CTV – white spinning top
JOYG – white spinning top close
X – white candle new high close
STLD – white spinning top
ADBE – large white candle new high close
EL – large white candle support bounce
WAB – white spinning top
OSG – white spinning top
ZION hammer
UNG – large white candle
NTAP – large white candle breakout T1
FWLT – white candle new high close
XME – white candle break out of horizontal resistance
XRT – white candle at horizontal resistance
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