Wednesday, August 22, 2012

Trade Guideline For Thursday

A consolidation day on Wednesday with an early morning false-breakout to the downside, then closing in the middle of Tuesday's trading range. Expecting more consolidation on Thursday if the open is inside prior day range.

Key Level For Thursday is 2775
-- Bullish above, target 2800 resistance.
-- Bearish below, target a re-test of Tuesday's swing low.

Jackson hole economic summit coming up soon.