Friday, July 10, 2009

875 Area

875 Area again working as a point of control. We closed @ 874.50.

Have a great weekend. I will post some charts this weekend.


MARKETJEDI

Good Luck

Leaving now and might not be back till lunch or not. Remember the S&P levels noted and how that 872 area is important.
Definitely we will be making an impulsive move here soon if I was a betting man I would say down but don't lose sight of the fact that we are in a 1-2-3 pattern which mean we should have one last push up before we start a real decline.


MARKETJEDI

Crude Oil

Crude Oil cracked again. Went mid $58 during the overnight session. I will be taking off the USO puts at the open plus a gazillion :)

Rocking

MARKETJEDI