The Best Way To Navigate Today
While today’s
opening indication for the futures is encouraging from the standpoint
that perhaps the current range may be broken, bear in mind that many of the
factors which have contributed to the range (geo-political, earnings etc) have
not been dismissed. The point being, look for some sort of an opening reversal,
and until it becomes clear that some sort of trend can be established, remain
nimble and flexible on entering and exiting positions. Currently there are no
big kills, taking what is offered is still the best way to navigate.
Support/Resistance Numbers for S&P and Nasdaq Futures |
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* indicates a level that is more
significant.
Given that the above numbers were done
last night and were not able to factor in the lower opening, let me add a couple
more numbers to the matrix:
S&P’s:
894
882*
Nasdaq:
1039-41
1025*
As always, feel free to send me your
comments and questions.