TradeStalker's
R.B.I. Trader's Update
10 / 7 / 2009
(Published Since 1996)
...............................................
Dateline: 5:01 pm eastern time, 10/7/2009
Due to having relatives at my home today, I just have time
for a quick comment and the support and resistance areas
tonight. The market will be in buy the dip mode unless the
1048.00-1047.50 area is not defended. If it is not, a drop
to the 1042.75-1042.50 area would need to be quickly
reversed to avoid a gap fill around the 1038.50-1038.00
zone. On the upside, a move to the 1057.00-1058.00 area will
be important early on Thursday. If that area is not
reversed, then a test of the old 1065.00-1065.50 secondary
top will be key. If broken, a mini melt-up could be in the
works.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1054.00-1054.50
1057.00-1058.00
1065.00-1065.50
1072.00-1072.50
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1048.00-1047.50
1042.75-1042.50 **key
1038.50-1038.00 **gap
1034.00-1033.50 **major
1031.50-1030.75
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1710.25-1711.25
1714.00-1714.50
1722.75-1723.75
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1697.25-1696.50
1686.75-1686.00 **key
1680.00-1678.75 **gap
1672.50-1672.00 **major
1670.25-1669.75
December 2009 Dow futures resistance
symbols: emini = ymz9
9683-9688
9717-9724
9797-9802
December 2009 Dow futures support
symbols: emini = ymz9
9625-9622
9605-9602
9568-9563 **gap
9522-9516 **major
9497-9493
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Mike Reed
TradeStalker.com
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Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
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research and data believed reliable, but there is no
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We are not advocating trading futures. The prices and
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This is not an endorsement or recommendation of the SP500
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