1552 pivot +- 7 points. having said that, it is
consolidating and with two major market moving news items before
tomorrow's bell (stress test and NFP), could jump the creek on this
pivot (as it has on every pivot prior to this). On the
bearish front, $INDU could gap down on bad news and create an
island top fakeout (at all time highs to boot). Tough call
either way.
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1552 pivot +- 7 points.
SPX
Posted by kalinm on 7th of Mar 2013 at 03:57 pm
1552 pivot +- 7 points. having said that, it is consolidating and with two major market moving news items before tomorrow's bell (stress test and NFP), could jump the creek on this pivot (as it has on every pivot prior to this). On the bearish front, $INDU could gap down on bad news and create an island top fakeout (at all time highs to boot). Tough call either way.