The overnight trade stayed within our containment area nicely. Even in the early going it remained in that area. The sell off that happened after that reached to the next support area of 1164. A quick dip below that price was swiftly rejected and the market rallied strongly for the rest of the day. The 1170 area is the next sup with 11164 again as the next lower one.
For more updates from Dave, visit the eMiniDayTrader blog at eMiniDayTrader.com
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Futures, options, and spot currency trading have large potential risk and traders should be well-educated before putting real money at risk. You must be aware of the risks and willing to accept them in order to invest in all markets. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. This website is neither a solicitation nor an offer to buy/sell a futures contract or currency.
