Sunday, July 5, 2009
Thursday's Market Action Review 07/05/09
The employment reports on Wednesday and Thursday were not able to lift the cash market past the 930 resistance. 879 is still support.
Before the 0930 ET open, the market had traded below the 907 area, which then acted as resistance after the open. 891 is still short-term support.
In strong trending markets, the VWAP line will act as support or resistance.
Charles
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment