Thursday, December 9, 2010

12/9 1:30

The cash stock indices formed a 3 down today and tapped critical support again, so a bounce is in progress.  I have an order shorting NQ futures at 2206.50. 
Simultaneously SP futures hit their 30-minute M/A:
The dollar reached it's hourly M/A at which point (red line) I sold my long dollar futures yesterday.  Until it breaks by .37 to the upside I'm standing aside the dollar.  When the dollar rallies we'll have our chance for stocks to break critical support.

1 comment:

  1. Cash indices did a 3 down? NDX cash looks like 5 down till noon.