01/18/2013 Live Update
Posted: Fri Jan 18, 2013 9:58 am
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Flat open, so any gap will be filled.
The Global ES had a lower high overnight, so we need watch the thick blue line below, breakdown would be small bearish. However since the pattern is small, therefore even indeed breakdown, the pullback might not be large so I don't see it as a real threat to bulls yet.
Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.
Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.
I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to [email protected].
Flat open, so any gap will be filled.
The Global ES had a lower high overnight, so we need watch the thick blue line below, breakdown would be small bearish. However since the pattern is small, therefore even indeed breakdown, the pullback might not be large so I don't see it as a real threat to bulls yet.
But note that the rising rate of the € might hurt the DAX, so I'm not playing the long side. And of course all markets are lingering beneath strong resistance. I'm very careful with longs here, DAX and SPX...
power hour 