Again we hit that magical 875 number and bounced. Very very important area in deed but my best analysis show us breaking that 875 and heading towards 847. Today we look like we might open relatively flat and we definitely are in a pattern for consolidation of the early part of the day so be careful over trading the early ours.
In the mean time our weekend call on lower prices on the tech guys are GOOG, BIDU and AAPL worked perfectly and were huge winners. I would be taking profits as they go.
Oil still looks lower and should hit sub soon.
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- Bring real information to the average person about the Financial markets. I am a technical trader that uses alot of technical tools such as Fibonacci, Bollinger Bands, MACD, TRINS, VIX to read the markets
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