Morning Traders,
Looks like an exciting day ahead!
Firstly, apologies as I didn't update the daily summary last night. I went to bed at 9pm as I felt really tired. Yeah.. it was this kind of week.. fortunes are made and fortunes are lost type of week. For my side, everything is all good.
Lets proceed with the daily summary.
Dow12,442-156-1.24%
Nasdaq2,814-60-2.10%
S&P 5001,305-20-1.51%
The US market closed down again last night reacting negatively to the economic numbers. the trend is clearly down. Is this the start of a really big down trend? Possible.. We will have to see how to do it.. Primarily, I have been a day trader my whole trading career and trying to switch to a position holding trader is tough, but I will try to do my best still. Lets proceed with our local market.
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Alright I don't have much time to write coz today is going to be a big day!
Short anyone??? Hahaha.. omg.. Nikkei is down by 200 now!
Trade safe! I will be looking to ride this down if Cash is going down too! I may be wrong, so be careful too!
Here are the levels for today!
FKLI
Upper Resistance: 1530, 1538, 1545
Lower Suppoer: 1520, 1510, 1500, 1490, 1480, 1470
Cash Index
Upper Resistance: 1546, 1555
Lower Support: 1530, 1520, 1510, 1500, 1490,
Trade Safe!
Best Wishes,
Tech Trader
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