Thursday, May 30, 2013

May 30, 2013 Market Action

Today the market made a straight run in the early
going past through the initial resistance.
An overshoot of the the 1656 area brought the market
back down to the 1652 old resistance now turned support
for a move back up to test the 1656 area. The market
rejected that area and again bounced off of the 1652 support
area and continued to move up to just under the 1661 res
area before coming back down to the 1655 zone.

There were many good setups today and some real
nice trades off of what I call dynamic resistance
and support levels. I show you how to find these
dynamic levels in my ebook and DVD series. With fixed
areas and dynamic areas to trade off of, there is
no shortage of opportunity for you in this market.


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