Archives for the day Thursday, May 28th, 2009

Intraday Update S/R Areas

The market is trending lower on low Ticks approaching 1,000.   If POC support at 891.50 does not hold, the market will likely head to the next support area of 883 to 885.  Volume is slightly above average relative to the last ten sessions.  Gold is on the rise and is testing last week’s highs.  If it breaks up, it could stall equities or lead to a selloff as rising interest rates will be factored in.   Russell 2000 is the weakest.  Nasdaq is testing overnight lows.

Click here.


 

Disclaimer: The information presented on this site is for educational purposes only. No personal trade recommendations are being made hereby. Trading futures is highly risky and you can lose a substantial amount of money. Past performance is not necessarily indicative of future results.

__________________________________________________________

Copyright © 2009 The Precision Report