Friday, February 6, 2009

PreMarket Review 02/06/09

Of course, the market is waiting for the 0830 ET Employment Situation Report. Resistance is still near 849. We would have to see a high volume break through this area in order for 849 to become support. Support currently is still in the 800 to 820 area. 799.50 is the pivot low until the market trades above 876.
24 Hr Globex Pivot: 835.25
Day Session Pivot: 836
10-Day Avg Distance From 0930 ET Open: 18.9
10-Day Standard Deviation of that Distance: 7.13

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