Click on the chart at the left to enlarge. Add together all of this weeks candles and we have bullish engulfing next to Friday's monster red candle.
The unemployment report comes out tomorrow pre-market; glad I am in cash going into that. I think the reason we did not bust out of the ascending triangle intraday today was trader reluctance to load up on long positions before this report. If we can clear 1066.50 (last Thursday's high) next resistance is 1072. Support is at 1030.
See the live shows at www.tradingparadise.com
No comments:
Post a Comment