May 2, 2013 Market Action

Today the market opened up at the 1583.00 area and although it poked below it was able to come back hold above of it for about 30 min. That was the cluse that we may see some bullish action and sure enought the market made a run to the next resistance area t 1589.50 in what was a trend change from yesterdays bearish action. The the market was able to bust through the 1589.50 area and ran up to the 1592.50 area where a pull back that held above the 1589.00 area gave a good opporutnity for a long trade that was good for about 3 points. Great opportunities again today trading around the support and resistance numbers published in the nightley newsletter. If you have not subscribed don't miss out any longer and get the ebook and the two weeks free of real time numbers.