Friday, May 6, 2011

5/6 pre-open

SP futures ran up to their 30-minute M/A and turned back.  The 30-minute sell will change to buy on a 30-minute close .5% beyond this M/A.
Meanwhile the dollar hit it's key M/A late yesterday and has been trading there overnight.  A 90-minute close .55% beyond will confirm dollar in rally mode and risk assets in declining mode.
I have mentioned the DJI critical M/A a lot in my posts.  It gave a sell yesterday that was unconfirmed by futures.  A confirmation will occur at DJ June futures 12,485.

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