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发表于 2010-8-2 07:34 AM
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Hope to gain some Hutong $$$.
Since the beginning of the equity market recovery, there has been a bias for a meaningful low within the first two sessions of the new month and the best performance of the month within the first two weeks of the new month. August will get a nice head start as S&P futures experienced notable gains in the overnight session but prices will be challenged as the front month contract looks to open at last week's resistance levels. A gap between Friday's high (1103.20) and this morning's regular trading hours open suggest prices should retrace lower to close the gap. The rolling front month 200 day moving average crosses today's range at 1112.20 and may be another speed bump impeding the pre-open strength. Despite the nearby technical resistance, the overall price pattern is constructive and continues to point to a short-term price target of 1127.50. Last month's price distribution suggest S&P futures will take out both the June and July monthly highs with 1156.00 this month's upside objective. Relieabe support strat at 1103.00, then 1098.00 (top of July's value area) and 1084.70 (7/30 low). |
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狗仔卡
发表于 2010-8-2 07:31 AM
