Morning Traders,
Alright US market closed flat last night. There will be trade balance and unemployment claims tonight. So far this has been an up-week since the upside break from the consolidation range. Next resistance would be the 1408 on the S&P.
----
Alright.. it has been a quiet few days on our local front. On the daily chart, seems like it has made a lower low. I will only consider to swing a short if we manage to close below the 20ema. Otherwise, I think I would stick to day trading or just sit on the sidelines. Major support would be at 30.
Here are your trading levels:
FKLI
Upper Resistance: 1638, 40, 44, 48, 51
Lower Support: 1635, 32, 30, 26, 24 22
Cash Index
Upper Resistance: 1638, 40, 42, 45
Lower Support: 1635, 32, 30, 27, 25, 22
Trade safe all!
Best Wishes,
Tech Trader
No comments:
Post a Comment