Today, the Market appears set to open slightly higher. The levels we are watching in the SPY are 108.5 (res) and 106.45 (Sup). Below 106.45, the next support level is 105. Above 108.5, the next resistance level is 110.
Our best AM Idea for today, which we highlighted in our AM Meeting is to short BIG below 34.
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2 Comments on “SMB Morning Rundown – June 7, 2010”
wow,
good call… and if executed properly, a great trade. you even got the textbook re-test of the S/R 34 level!
wow,
good call… and if executed properly, a great trade. you even got the textbook re-test of the S/R 34 level!