Thursday, August 9, 2012

Trade Guideline For Friday

Another sideways consolidation day on Thursday. Friday key level is 2715. 

Opening price action below 2715 implies a likely trend down in the morning with afternoon rally. Above 2715 implies uptrend in the morning with next upside target of 2750.

Resistance 2725, 2750
Support 2700, 2680, 2655

Upper VA  = 2720.25
POC = 2715.25
Lower VA = 2711.25