Monday, June 15, 2009

Before The Bell 06/15/09




The futures market is currently staying just above the cash Index's May high of 930. Also, notice that the cash market is stayed above the 923.26 low of the breakout bar. A high volume close below this level would probably bring about a test of the 879 level.
The overnight futures market is trading in a zone between the May high and Friday's low.
Charles
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3 comments:

  1. AnonymousJune 15, 2009 at 9:56 AM

    It looks loke we are going to test the 903/13 area but I still have a hunch the biggest pain to most mkt. participants would be a breakout to the upside.

    ReplyDelete
  2. AnonymousJune 15, 2009 at 10:04 AM

    I do not want to brag but I am having a super year so far daytrading ES with over 200% ROE so far........ I trade the 1/min timeframe....
    with Gann Angles/Trendline violations and Tick divergences. I am considering leasing an IOM Seat to cut my com. costs ... since I am under 18 I guess I have to ask my dad for permission first. How are you holding up Charles ??

    ReplyDelete
  3. Charles A PennisonJune 15, 2009 at 11:45 AM

    You're a better trader than I am MAX.

    Charles

    ReplyDelete

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