Its very important that markets hold within the trading ranges marked out and ideally push higher. If they do not hold, and start to trend lower intraday, I will be exiting my long in DIA and opportunistically exiting any stocks I hold that look weak today.
Nasdaq 100 futures – a triangle has formed here, a consolidation zone, right at the lower boundary of the upper-most trading range.
S&P 500 futures – likewise, another triangle.
TSX Composite – no triangle, but a spike here into the range and a reversal, so far.
04.12.10 11:16 #