Morning Traders,
Sorry for the late update today. Hope I'm still in time for the open.
I will keep this brief.
US closed pretty much unchanged. I have decided to take the profits in the FKLI shorts. We will have the Europe G7 meeting tonight and also old boy Bernanke speaking tomorrow.
I think reducing risk is the right move now so I'm locking in the profits.
Take note that there is a big gap from where we open in the FKLI yesterday. If there is a fill gap, market may go up so be aware of that.
Watch your levels closely.
Here are your levels for today:
FKLI
Upper Resistance: 1555, 1558, 1560, 1562, 1565, 1568
Lower Support: 1550, 1545, 1548, 1542
Cash Index
Upper Resistance: 1558, 1563, 1566, 1570, 1573
Lower Support: 1553, 1550, 1544, 1541
Trade safe!
Best Wishes,
Tech Trader
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