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Thursday
Jul072011

Emini FuturesCast / The Daily Pod  07/07/11

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

Partner's Meeting tonight 9PM Eastern. See you there! (Link in Members Area)

Today was a slow grind. Nice pop on Globex and then range bound trading until mid-day when we reached up and reversed off of the 1352/1353 Weekly Trading Zone.

Click to enlarge

The market found support both Tuesday and Wednesday at the 1328/29 Weekly Trading Zone. The market completed a 14 point rally on Globex to find resistance at 1343/44 the next Weekly Trading Zone and declined 5 points. On the second push price made it through the 1343/44 resistance, pulled back into the Weekly Trading Zone which is now support, and rallied 8 points to the next Weekly Trading Zone 1352/53 where it found good resistance.

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Podcast for Thursday 07/07/11

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