Monday, June 27, 2005
6/27/05 todays plan
resistance at 1195 and 1204, longer term R at 1197
Support, Friday close at 119325. Longer term support at 1192, 1183, 1180 and finally 1170.
KISS plan, markets been down so expect the same as most likely, next likely is sidways day so fading could also be good. Look for + Ticks as entrys. Least likely is up but we could expect a rebound if strong enough after this sell off if we are trading above 1195.
Market doing better in premarket than earlier.
If breaking supports then short all day long... use 9/30, and + ticks as entries
If breaking resistance then reverse above.
If consolidation then use + Ticks if below 1195, or - Ticks if above 1192.
That's my story and I'm sticking to it!
Trader X
Support, Friday close at 119325. Longer term support at 1192, 1183, 1180 and finally 1170.
KISS plan, markets been down so expect the same as most likely, next likely is sidways day so fading could also be good. Look for + Ticks as entrys. Least likely is up but we could expect a rebound if strong enough after this sell off if we are trading above 1195.
Market doing better in premarket than earlier.
If breaking supports then short all day long... use 9/30, and + ticks as entries
If breaking resistance then reverse above.
If consolidation then use + Ticks if below 1195, or - Ticks if above 1192.
That's my story and I'm sticking to it!
Trader X
