Sunday, May 23, 2010

Weekly Trading Zones / Emini Futures Trading - Sunday May 23, 2010

(QQQQ)(DIA)(SPY)

S&P 500 / ES Emini Futures

1149/1150
1112/1113
1098/1099
1074/1075
1060/1061
1037/1038
999/1000

DOW / YM Emini Futures
10,669
10,373
10,267
10,077
9,971
9,781
9,485

If you are trading the Sunday night Globex session, watch for a break above 1089. Should the opportunity present itself, a trade on the long side up to the 1098/1099 Weekly Zone looks attractive. Should price move below 1074 overnight, we would then consider a short to the 1060/1061 Weekly Zone.

The rumors are true, we really are returning from Sabbatical tomorrow morning @ 11AM EDT.


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Pray Hard & Trade Safe!
CT

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