Monday, August 13, 2012

S&P Futures Update for Aug 14, 2012




Not much to add since yesterday. We continue to stay in Balance 1392 to 1403. Shown above is a merged Profile for the last 5-day Balance. Notice the small/narrow Value Area. We have closed on the highs for the last 2 days - Value was overlapping to higher today - clearly the market wants to go higher. The longer we stay in balance the more dynamic the breakout  - Be prepared to "go with" a breakout from the 5-day Balance.

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