What are you waiting for....Here is 10 FREE Trading Lessons!
The December U.S. dollar index is slightly lower in early trading today, and hit yet another fresh contract low overnight. Bears still have the solid overall near term technical advantage. Slow stochastics for the dollar index are neutral early today. The dollar index finds shorter term technical resistance at 76.50 and then at Tuesday's high of 76.95. Shorter term support is seen at the overnight contract low of 76.11 and then at 76.00. Today's key near term Fibonacci support/resistance level: 77.32. Wyckoff's Intra Day Market Rating: 4.0
Can you learn to trade crude oil in just 90 seconds?
December S&P 500: The shorter term moving averages (4, 9 and 18 day) are bullish early today. The 4 day moving average is above the 9 day and 18 day. The 9 day is above the 18 day moving average. Short term oscillators (RSI, slow stochastics) are neutral to bullish early today. Today, shorter term technical support comes in at the overnight low of 1,064.00 and then at Tuesday's low of 1,059.50. Sell stops likely reside just under those levels. Upside resistance for active traders today is located at last week's and the overnight high of 1,070.50 and then at 1,080.00. Buy stops are likely located just above those levels. Wyckoff's Intra day Market Rating: 5.5 Today's key near term Fibonacci support/resistance level: 1,039.00.
Pivot point--------- 1,065.35
1st Support:-------- 1,061.50
2nd Support:-------- 1,055.65
1st Resistance:----- 1,071.20
2nd Resistance:----- 1,075.05
No comments:
Post a Comment