Monday, April 13, 2009

What is this a bit of red on my screen this morning

First USA!USA! USA! what a great story about that Captain of that ship!

Futures are down this morning and the SPX may open below 850
EUR/USD is up
Oil down.

This could be a slight pull back from the highs. There is a lot of support below, for the bulls to maintain this rally they must bounce off these levels. If they can maintain these support levels (the moving averages and support at 820-830 815-800). It should show the bulls have control, since the previous resistance levels did not provide much resistance Bears will need to get out of the bullish engulfing candle sometime in the next two days as well.


CAN IT PLEASE! PLEASE! GET WARM IN NYC! IT'S APRIL 13th AND IT'S 36 OUT!