Monday, July 30, 2012

S&P Morning Update for July 30, 2012



Overnight Inventory is 100% Short but the range was contained within Friday's Upper Distribution. As mentioned in last night's blog post- any meaningful change will occur if price is accepted below 1376 and possibly a test of 1373.75. If we Open now we will Open at the center of the Upper Distribution - which denotes Balance. Your early references for the Pit Session are Friday's High and Close and the 1373.75 -1376 area.

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