Wednesday, October 3, 2012

Trade Guideline For Thursday

Another consolidation day on Wednesday with a bullish bias. For Thursday key level to watch for is Wednesday's swing high. 

-- A sustained break above Wednesday high could trigger short-covering rally, targeting 2838 then 2853 area. 
-- Below Wednesday low implies it is going down, first target is FT Pivot 2806, then 2890 and 2782

Chart of US Monetary Base