Morning Traders,
Alright.. US market closed mildly down. Nasdaq was down heavier percentage wise. We have China's GDP at 10am. Then we will have a host of economic numbers in the US tonight. To be honest, looking at the closing for the Dow and the S&P, it was looking much more ugly at one point compared to the actual closing.
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Alright.. lets head back on home..
Finally we see a pull back.. A breath of relief for the bears really..
What do you all think? There will be a major support at around the 15 level.
Being a Friday, I think I will be more careful and maybe just sit on the sidelines. Unless I see a good set up like price testing near the 15 level and can't break support, I may go long for a scalp.
Here are your levels for today:
FKLI
Upper Resistance: 1626, 29, 32, 35, 38
Lower Support: 1622, 20, 17, 15, 12, 08
Cash Index
Upper Resistance: 1629, 32, 35
Lower Support: 1625, 23, 20, 18, 15
Trade safe all!
Best Wishes,
Tech Trader
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