16 Feb
#eMini S&P 500 Feb.16.2012 – Tighten stops
Posted in Pre-open Analysis by Bob English at 10:05:24 Comments are offThe Precise Take – Tighten stops
Big Picture Analysis - While each minor dip in this rally has proved a favorable long entry, yesterday’s range expansion and lack of volume support from approximately ~1325 to 1335 (see the 135 minute chart, below) warns of the potential for a quick and precipitous drop if the overnight lows in the ES do not hold. The Philadelphia Fed Survey released at 10:00 am EST today will likely be a market mover.
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