Happy to be back up and running with a new hard drive and the backup connected and burning. Always keep your stuff backed up!
Anyway, it looks as if the market threw us a bit of a head fake after the nice close on Friday. Gapped up last night and now we’re selling off a bit going into the US open. The dominoes continue to wobble over in Europe, which is not good and until they stabilize, there will be no new highs.
In fact, even though last week was a good recovery week, we now have a negative weekly bias. This week is short and will be light, however, and most trades that have to be taken will be done today or tomorrow.
Have a good week and trade the extremes! Here’s what I am looking at today….
- R2 – 1,207
- R1 – 1,203
- PP – 1,195
- S1 – 1,190
If support doesn’t hold at 1,188, we should see 1,182 quickly.