Thursday, January 6, 2011

Jan 06 market prep

- ON activity found S above the singles from yesterday and extended the range to the upside
- I will be monitoring for price acceptance/rejection above 1273.75
- if price is rejected back into the range, I'll be aware of the initial S area 1267.25- 1269.25
- S1@1265.00 the POC of the BA
- S2@1262.75 VAL of the BA and top of the buying tail
- strong S@1258.25 top of the previous BA
- to the upside my first reference is ONH@1277.00

- looks like the open will be inside range at the upper end

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