Tuesday, July 31, 2012

S&P Morning Update for July 31, 2012



Today is the last day of July. Overnight Inventory is Long but there was no follow thru to the upside. My early upside reference is Monday's High at 1387.50 as Resistance and 1375-76 as Support. Any significant change will occur outside of this range. Monday's low was poor. 
As mentioned in last night's Blog Post - treat Friday's upper distribution and Monday's profile as a 2-day balance.

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