Thursday, August 23, 2012

Trade Guideline for Friday

Another sideways consolidation day on Thursday trading between 2755 support and 2780. 

For Friday, trading above 2780 is bullish, targeting a move up to test of Tuesday swing high,
Trading below 2755 is bearish, targeting 2743 support.

FT Pivot Numbers
R1 = 2784.25
FT Pivot = 2769.25
S1 = 2745.75

Market profile Numbers
Upper VA = 2772
POC = 2763
Lower VA = 2760