Wednesday, June 16, 2010

Emini Futures Trading / 1100 Key Level Overnight for S&P 500 Futures

(QQQQ)(DIA)(SPY)(GLD)

"But thanks be to God, Who gives us the victory [making us conquerors] through our Lord Jesus Christ"
(I Corinthians 15:57, AMP)


Weekly Trading Zones Daily Results
Most evenings I simply allow the charts to speak for themselves. Tonight I do want to point out how price has languished just below our highest WTZ and as of yet has not even really given it a decent test. Should price be able to break out and close above 1117/1118 we could see a powerful rally unfold into the end of the week. A close back below the 1099/1100 support area highlighted could just as well open the door for a move to lower prices. Both areas are critical as to how we close out the week on this upcoming Quadruple Witching Friday.

 more to follow as time permits...
Pray Hard & Trade Safe!
CT

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