Tuesday, July 28, 2009

David Williams - PageTrader

(QQQQ)(SPY)(DIA)






Market completes $967.00 downside target and reverses, closes lower... Tuesday's session opened lower and completed S&P Messenger's $967.00 natural downside target noted in today's support/resistance panel. The market reversed off that level and (like several recent sessions) spent the remainder of the day in a slow, compressed uptrend, closing the day at $975.90. Today's quiet market made new swing trading entry less available at the critical levels. However, the market remains at a critical juncture on the upside, making the remainder of the week important with several tradable indications possible. I look forward to Wednesday's session. D.W.

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