Thursday Oct 14th Support and Resistance levels…..

The Market has held the 1174.75 previous weekly high most of the overnight session with USD weakeness, the broader markets show risk seeking is continuing, but this can change once the cash open begins. I am going to use the 1174.75 high as my bull/bear line in the sand for today. I do believe a break back down to re-test the 1127 (2009 high) will occur in the near future, but so far no clear cut signs of that happening yet.

Econ News from UE Claims to PPI coming out at 8:30am, Nat Gas report out @ 10:30am, trade carefully!


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