Monday, July 15, 2013

July 15, 2013 Market Action

Today the market opened up at the 1675 resistance
area nad quickly ran up. That was rejected and the
market came down but did not stay under that level
for very long and on a retest was able to hold the
gains. The setup a decent long trade tot he 1678 area
resistance which held the market back for a while.
Then the market broke thru and it acted as support
for a small gain long trade. Eventually that
area broke down and acted as resistance again
at the end of the day.

The market was framed well with the s/r numbers from
last night, which is not surprising. The nightly
update can you give you a real edge but you need to
know how to trade around these levels. That is why
when you buy the ebook you get 2 free weeks of live
intraday updates and nightly updates with your purchase.

check out the book on the website.


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