Today the market opened up above the initial resistance. That was the clue the the market may move higher. After the bounce from initial resitance now support the market moved up past the second resistance level and broke throuhg almost reaching the third resistance level. A pullback back down through the second resistance level and bounced again from the 1653 area. After some sideways action through lunch the market made a run above all resistance levels.
Some good trading opportunities came at the 1653 level and shorting up near the 1660 resistance area early. After the run up there were some good slinky patterns for long trades. These are taught in my e-book and are excellent in trends. Pick up a copy today and learn to profit from the market moves.
Friday, May 17, 2013
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