MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Teresa Lo who wrote (15713)	6/4/1999 4:47:00 AM
From: Teresa Lo	Read Replies (1) of 99985

Market SnapShot for Friday, June 4 Yesterday, the market traded in the narrowest range in almost two weeks, waiting for the Employment number, which will be out by the time you read this Market SnapShot. Going into Thursday morning, we drew a pair of parallel lines (at 1280 and 1308.50) on the 45-minute June S&P chart to mark support and resistance. We are still inside a trading range and we are now watching this consolidation to see if this will be the beginning of a bounce or if market goes lowers from here. 1278.00 is key. Resistance overhead is at 1316 -1326 (20 EMA Daily, 50 SMA Daily, and also previous support level). Support is seen at 1280, 1260 and 1225. We will do a comprehensive review of the major market indices on Monday, June 7, 1999. Have a great weekend. We analyze the S&P 500 stock index and Treasury bond futures because they are two of the most closely watched financial futures contracts traded around the globe. They lead the market during the U.S. market hours and overnight trading sets the tone for the open in New York. What happens in the trading pits in Chicago has tremendous impact on the underlying cash indices, interests rates, and market sentiment in general. Charts posted to intelligentspeculator.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next