So 1295.25 is broken, next level to watch is 1290.50. I am thinking that will hold or the 1288.50 but 1290.50 is a fib level.
Breadth is pretty nasty
Monday, July 18, 2011
LOws
Overnight lows hit here- if we can't hold I am looking at 1295.25 as the next support which was last week overnight lows.
Before Open
Well the summer dulldrums are here!! Friday volume was so light it was impossible as a trader if you are to do anything. Well this morning Gold made it over $1600 obviously mainly due to the debt issues that are plaguing the US. We are going to open negative but we have been holding that 1300/1301 level pretty well but we will see what happens today.
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