Overnite Session is balanced. If we Open now we will Open within Value but close to the top of yesterday's range. The first move may be up to tag the o/n high, close the remaining gap at 1320.50 and either fail or accelerate higher into Friday's range. A failure at or above the Gap brings Monday/Tuesday's low back into play (an ideal Short). Price Acceptance above the Gap brings Friday's balance area and high back into play.Wednesday, June 27, 2012
S&P Morning Update for June 27, 2012
Overnite Session is balanced. If we Open now we will Open within Value but close to the top of yesterday's range. The first move may be up to tag the o/n high, close the remaining gap at 1320.50 and either fail or accelerate higher into Friday's range. A failure at or above the Gap brings Monday/Tuesday's low back into play (an ideal Short). Price Acceptance above the Gap brings Friday's balance area and high back into play.
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