Wednesday, May 12, 2010

5/12 pre-open

I1 advancing today and tomorrow. S&P futures made mincemeat of the 30-minute M/A support and waited for the hourly M/A to pick them up.


The hourly flashed a buy signal on yesterday's rally to 1169. 

So I am fighting a rising I1, but the market is bumping resistance at 1160.
Silver is up 5c but struggled at and past the old high overnight.  Holding short with stop at spot 19.70.

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