Trading Day: TUESDAY – JANUARY 4th, 2011
Happy New Year! The markets didn’t disappoint Monday with a strong Gap and Go situation. Even with the sell off through the afternoon the market still remains Bullish.
The market remains bullish but we saw a fairly strong trend today so there may be some rotation tomorrow in the AM before finding a direction. A breakdown of the 1262.75 area then expect a slide to the 1257.75 area. Otherwise on the long break of 1272.50 look for 1278.00 and then 1285.50. Trade well!
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SHORT TERM TREND: BULLISH
LONG TERM TREND: BULLISH
TARGETS NUMBERS: ESH1
1285.52 - Area
1278.00 - Area
***1272.50 – YEARLY HIGH
***1272.50 – Yesterday’s HIGH
<<<1265.25 – CLOSE>>>
***1262.75 – Yesterday’s Low
1254.00 – Area
1247.00 – 1247.00 - Area
*** - Area could provide Major Support/Resistance to price
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