20 mins to go

20 mins to go and we trading @ 1403.75 - WOW How exciting -

Lunch time!

So it is lunch time and where are we trading? 1404!!! This is just too crazy right now- Market players must be really waiting till both conventions are over-

REALLY!! 1404 Again

Fifteen minutes before open and we trading at where? You guess it 1404. This number is so magical since I mentioned it over a month ago. A battle between the bulls and bears are happening here. I hope REAL volume comes in after all these political conventions are over

1404 AGAIN

Minutes before the open we are still trading at the 1404 area , an area that has been in force for the last 2-3 weeks. Since the holidays have past I am looking for the volume to increase and push us in a solid direction. Support is @ 1361 so the bulls must hold this area or more than likely we will test that number very soon. On the upside we have 1426 that is resistance.

NO VOLUME-

Yesterday we tracked the lowest volume of the year in the markets- we aren't going anywhere at all- we still trading around the 1404 area mentioned last week YAWN!!!

1404

we trading around this level all day- I believe it hold and we go higher but as of now it is slooooooow going.

Update

So yesterday I mentioned the 1417 level for the bulls and we failed to reach that level in the regular trading hours but as usual in these days of computer generated trading we did hit that 1417 in the overnight session! This is what has been happening for the last few years and that's why it is difficult for the average trader to make money because the big guys use quants and execute trades in the overnight sessions. Anyways since we tested that level overnight and rejected it we now have to look at a test of yesterday's lows and see if they hold. If we don't hold them and bounce that would signal a deeper correction to come. level to watch on the low side is 1404