Tuesday, October 23, 2012

S&P Futures Update for Oct 23, 2012

1409-1410 is the top of the lower Balance area from Aug - See Monday's blog post. Acceptance below that level targets a range Gap made on Sept 6 and the 1400 level. If we open now - we would gap lower. If the Gap holds - trade in the direction of the Gap. If the Gap is filled - see if Value can get to unchanged. An ideal long would be a failure to find acceptance below 1409-1410 level.

No comments:

Post a Comment