Wednesday, July 25, 2012

Trade Guideline For Thursday

A sideways consolidation day on Wednesday, with the close in the middle of the day range (upper range 2560, lower range = 2528).

For Thursday, staying inside the range implies more consolidation. Breaking out of the range, then staying out of the range implies a trending move in the direction of the break.

Upper VA = 2555.75
POC = 2544.75
Lower VA = 2538.75