SP 500 has been trading up towards and testing the 1100 area. This morning in globex the high was at 1099.25. The market has been up 6 days and yesterday closed very close to the open.
There is a gap area below from 1073.50 to 1077.25 to watch as support area. You want to see how price holds this area.
For this morning will look for a retracement pattern back up as a test of globex highs and will look for a potential buy in the gap area.
Have a great trading day!
Leslie
www.tradingliveonline.com

This entry was posted on Thursday, July 15th, 2010 at 9:25 am and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.