Monday, June 10, 2013

June 10, 2013 Market Action

Today the market opened up just above the first
resistance level at 1647.00 and ran up to tag
the 1648.00 Second resistance level. That was
rejected and a deep pullback to just above initial
support brought in some buyers.  Some Sideways action
at the 1647.00 resistance level and the market came
back down to test the low of the day and continued
to trade sideways for the rest of the day.

There were some decent opportunities for trading
today although not many.  However with my style of
trading you will at least find 2-3 trades a day
on most days.

PS. I used Ninja Trader Charts today.

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