Monday, January 9, 2012

S&P500 Futures Look For Monday

By Hedge Ly | 1/09/2012 06:46:00 PM |

5 min
As you can see 1280 is a magnet as the ascending price action continues to occur post opening sell off. I have labeled each morning selloff going back 4 session. After each of these pukes from session highes to session lows the ES melts higher back up to either make highs or test opening range highs.

Today we sold off from 1277's down to 1270 only to melt back up to 1277.75 into cash close. AH ES traded up to 1279.

the euro is due for a bit of a bounce. as for today the sunday night low is still the EURO year low. the FXE traded well off the 127 area as well as Crude is full on bounce mode defending 101 still.

Posted in: ,,