Monday March 8th review


Well it was a rather uneventful day today as we had some consolidation of Friday’s gains. The market built value around Friday’s Point of Control (bottom chart) in a very small 4pt range in the open outcry markets. Yes it was like watching paint dry!

However the only real trade of the day was to short on first touch the first resistance level I posted yesterday on the Monthly chart. That proved to be the high of the day to the tick!!

Other than that not too much to say, bull/bear line will be 1126’s. I expect to see this market crack the 1200 level before summer time.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s