Morning Traders,
Sorry for the late post today. Hope I'm still in time for the open.
Alright.. US market closed up slightly. It is Independence Day there so there will be no trading in the equity market. Futures will me open till Europe close.
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We are at new highs. Things can get difficult to see when at new highs. Sometimes, the enthusiasm from traders caused by new highs can push things to an unrealistic levels. Sometimes, sellers step in to take control of the market. Take into consideration that the US market will be closed, I think things are going going to be difficult to read today.
I am actually considering to sit on the sidelines and maybe stick to day trading only and wait for market to resume normal trading tomorrow.
Here are you levels:
FKLI
Upper Resistance: 1615, 1618, 1620, 1623
Lower Support: 1612, 08, 05, 01, 98
Cash Index
Upper Resistance: 1609, 11, 13, 15
Lower Support: 1604, 01, 1598
Trade safe!
Best Wishes,
Tech Trader
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