Thursday, April 19, 2007

Market Comment 04/17/07 - Intra-Day Update - CORRECTION

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TradeStalker's
R.B.I. Trader's Update
04 / 17 / 2007
Intraday Update - Corrected
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Dateline: 12:09 eastern time, es7m= 1481 nq7m= 1850

There was a typo in the last update, it's corrected below.

The market is having difficulty with the 1481.50-1482.75 resistance area on the SP futures and the 1850.50-1852.50 resistance area on the Nasdaq futures. The move is extended, so a failure up here could be trouble very short term. However, if those are exceeded and held, we could go for 1492-1493 before the rally loses steam.

Good Trading,
Mike

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