With an open of 1066.00 today we started with a gap down at 1064.25. The morning gave us most of the action today with a run down to the low of 1057.00, then back up to the daily high of 1069.50 all by about 11am market time. Afternoon trading gave us a bit of the chop, with 2, 3, and 4 point bars showing volatility while staying within the days 12.5 point range. The close today came in at 1062.25, down 2 points from yesterdays close.
For Wednesday on the upside we are looking at at possible touch to the 1068.50, with a break through that we could see the 1075 area of resistance with an extreme high around the 1088 level. To the down side if we move through the support at 1057.00 we could see a move down to 1050.25, then 1047.50, with an extreme low at 1036.25 in the next week.
Keep your head up and your trigger finger ready! See you at the starting line!
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