#eMini Trading Levels & Leaders Update

10:41 am EDT:  EuroYen has reversed up and 30 Year T-Bonds have reversed down, which both now confirm equities and gold strength.  Though fading the 1053.25 resistance area on the open into the gap was a profitable trade, we no longer look to short at these levels.  We will likely not take a position unless and until the day session range is broken (1047.75 to 1053.25)  and then trade in the direction of the breakout.

1 Response to

  1. Pre-open eMini S&P 500 Morning Report | The Precision Report

    on September 17 2009 at 08:51:24

    [...] Analysis: As we updated yesterday, the leaders are confirming the strength in gold and equities, with correlations that match the [...]

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