Pre-open:
With the run on the dollar and the GM news, if ES 1500 breaks, we could see that gap close from September at 1489.75. That would be a pretty safe buy ahead of opex. Be careful today, though. We have a huge gap above us to close, or attempt to close, then they could bring it down hard. Watch NQ 2209, 10 dma resistance on a bounce, followed by 2223.50.
With the run on the dollar and the GM news, if ES 1500 breaks, we could see that gap close from September at 1489.75. That would be a pretty safe buy ahead of opex. Be careful today, though. We have a huge gap above us to close, or attempt to close, then they could bring it down hard. Watch NQ 2209, 10 dma resistance on a bounce, followed by 2223.50.
This entry was posted
on Wednesday, November 07, 2007 at 11/07/2007 08:44:00 AM.
You can skip to the end and leave a response.
» Post a Comment