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Market Trading Guru |
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By Terry Martin
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November 06, 2009
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Let’s see what the Market has in store for us. We are beginning to see signs of improvement in the Market, especially looking at the RSI and price. However, volume is still a concern and not where I would like to see it. Volume is still lacking on this nice up move. I would not count out the fact that we could have a move back to 1047.25 or all the way down to my Trading Level at 1043.00.
Therefore, here are the Trading Levels where the Market should see resistance for this move upwards:
My Intermediate Trading Levels:
1081.25
1070.75
1062.25
1053.75
1043.00
My newest Trading Point to watch out for is…
1047.25
 Click on image to enlarge!
Have a Profitable Day Trading!
For more from the Market Trading Guru, you can follow his blog at http://mrkttradingguru.wordpress.com to receive the daily Trading Levels or on Twitter: @MrktTradingGuru. |
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