Wednesday, May 02, 2007

Market Comment 05/02/07 - Intra-Day Update

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TradeStalker's

R.B.I. Trader's Update

05 / 02 / 2007

Intraday Update

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Dateline: 12:41 eastern time, es7m= 1501 nq7m= 1899


The ES just made a double top (123 top) at resistance.
Since that area has been repeatedly rejected, a pop
over would be a "fake-out" or explosive. However, another
failure and selloff could leave a bigger picture top in place.

Good Trading,
Mike

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