Here’s Why 13 Could Be Your Lucky Number Today
The early trade has been
extremely light in terms of pace and volume as both major markets continue to
consolidate following yesterday’s daily bounce.
As such, trading opportunities have been limited to
one-minute trends conducive primarily to traders adept with pinball flippers …
no thanks.
As we head into the afternoon, a break to the north on the 13 may provide
sufficient momentum to continue the daily trend, while shorts trading the
current intraday downtrends will want to take notice of the daily chart when
managing positions. In the meantime, staying on the sidelines and preserving
capital is a strong option.
ES (S&P)
Wednesday March 26, 2003 11:30 AM ET NQ
(Nasdaq)
Moving Avg Legend:
5MA
15MA 60-Min 15MA
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