Morning Traders,
Alright.. Market about to open in a bit.
US market closed slightly up. Dow up +34 and S&P + 3.
No major numbers coming out from the US tonight but some from Europe.
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So.. what do you guys think?
I remember at closing last night I saw that many of the counters in the index was either red or some were unchanged. Only a few counters were up. This is quite significant for me because the regional was up by quite a lot and we didn't continue the up move.
But volume was crappy.
I think I will sit on the sidelines or just day trade if the opportunity arise. Major support for futures at 40.
Here are your levels:
FKLI
Upper Resistance: 1648, 51, 53, 55, 58
Lower Support: 1646, 43, 40, 38, 36
Cash Index
Upper Resistance: 1647, 49, 51, 53, 55
Lower Support: 1642, 40, 37, 35, 32
Trade safe!
Best Wishes,
Tech Trader
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