Trading opened today at 1057.25 down 4.25 points from Thursdays 1061.50 close. Trading took us to a high of 1061.75 within the first 15 min, just high enough to close the gap, then turned to fall for the rest of the day. Prices traded down 32.25 to an intraday low of 1029.50 shortly after 3pm market time. Prices relaxed slightly to close the day at 1031.50, down exactly 30 points from yesterday's close.
For Monday on the upside we could see a touch back up to the 1057.75 area with stops at the 1040.00, and 1047.25 areas of resistance along the way, with an extreme high around 1068.00. On the short side if prices move through the 1029.00 level of support we could see prices move to the 1020.00 area, then a possible retest of the 1010.50 level of support from back in August.
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