Another down day courtesy of the cycle that hit last week. In tonight’s analysis there is considerable detail including support and resistance numbers for both SPY and the S&P E-Mini Futures Contract. Armed with these numbers, traders who would like to position themselves for a larger move are at an advantage. Remember, knowing where you’re wrong is where you exercise proper risk management.
Crude oil did exactly as the forecast dictated. All the detail is discussed in tonight’s analysis, but the numbers speak for themselves.Continue reading