Thursday, October 15, 2009

15th October Thursday Side, Down, Up, Up








High of the Day: Prior Day High
Morning Reversal at: Prior Day High
at 3.13 am
US Market Open Move ended at: Camarilla L3 at 9:40 am
Low of the Day: Camarilla L4
Close of the Day:

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The stock market is in an uptrend, so the usual pattern is double top on the FDAX in the morning and then price rise again after the US market opens...

Having a short setup on the 10 Min S&P is suggesting a dip in the morning session.
However if we break above yesterdays high and go through the decision point area above 5878 then we might see higher prices already in the morning.

It turned out to be a pretty choppy sideways market with some nice quick scalp trades and then like yesterday we had a massive move after 7 am.

Now I am looking forward to go long Crude Oil after the news on 11 am, price already retraced enought so the uptrend can continue.

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