Morning Traders,
Alright. US market was up slightly. Dow was up 59 while S&P was unchanged. Looks like the matching is lower today. Support for S&P remains at 1318 and we have not break it yet. We have a host of numbers coming our tonight so be on the watch for that too.
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Ok sorry for the late updates. We had a lot of calls this morning.
Market open slightly lower at 37.50 from last close of 39. Then we just shot up to the sky and touched 43.
From the highs, sellers came in full force and sold down to 36 from the highs.
I am looking to short if it breaks lower. I want to see price trade in a small range now first. After the small range is formed, I will trade the break out from there.
Here are the levels for today:
FKLI
Upper Resistance: 1640, 43, 46, 49
Lower Support: 1636, 32, 29, 26
Cash Index
Upper Resistance: 1639, 42, 45, 47
Lower Support: 1632, 29, 25
Trade safe all!
Best Wishes,
Tech Trader
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