We’ve got a nice looking short setup this morning and I will be watching this 1313 area closely. A failure to move much below 1310, however, could make this a long day and possibly a key reversal day.
Dollar briefly tagged a new February low last night, so any follow through on that move could give the markets the support to move higher…not lower.
We’ll see. Trade well and always trade the extremes.
- R1- 1311
- PP- 1302
- S1- 1293
- S2- 1283.50