resistance area and quickly sold off. A break of the
1676.50 support area had us on alert for a move
down and a retest of the dynamic support at the moving
averages gave us the short entry we needed to ride
a nice move down to the 1672.50 area and then down to
the 1670 support. A bounce back up to the dynamic
resistance area at the moving average gave us another
opportunity for a short position down to the 1666.50
support area which turned out to be the low of the
day. The market double bottomed there ant ran up to the 1672.00 res
area where it sold off again to test near the 1666.50
area where is got some footing and moved back up
to the 1672.50 area.
Today the market gave us some nice moves to profit
from all from within the s/r areas and zones. These
are the days that make our month , if you are able
to trade around these levels and identify them
before the market opens and throughout the day.
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