Reversal Play In The S&Ps?
Each
evening we focus on the most interesting aspects for the upcoming
trading day. The comments are based on observations of the nightly
updates of the Futures and Market Bias pages. They are provided for
educational purposes only and are not intended to be direct trading
advice. Also, keep in mind that these remarks are made up to 12 hours
in advance of the markets opening. Therefore, overnight events may
alter the outcome of these observations.
March sugar (SBH2),
mentioned recently, appears to be resuming its uptrend out of a
pullback.
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Watch the March Japanese Yen (JYH2).
If it begins to stall out in the area of its recent highs, it could
suggest that its downtrend remains intact.
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Looking Ahead
If the S&P futures can reverse on
Wednesday in the face of the Intel news, it could create a buying
opportunity.Â
Best of luck with your
trading on Wednesday!
P.S. Reminder: Protective
stops on every trade!
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