CFDsPros.com Friday's trading session showed another narrow range session, new lows were posted on the charts, but the markets managed to hold.
CFDsPros.com What happens today will be very important, if the markets show some follow through to the downside, then the uptrend may be in jeopardy, but only a sell off that last for most than three consecutive session will give certainty to this scenario, also, two
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Markets continued to consolidate keeping a strong position and upward bias
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Markets rallied during the last hour of the session closing with moderate losses
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CFDsPros.com For today’s trading session, a lower opening could give way to a more intensive selling activity,, so be careful on the long side if the markets area trading in the red, but if the SP breaks above 946.50 that may be all for the shorts.
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CFDsPros.com As expected markets consolidated during yesterday’s trading session, posting new highs for the move and closing with gains. The low, during the regular hours trading session was above last Friday 937.75 high which continues to print a bullish picture. I
CFDsPros.com The main indexes may be in their process of topping, but after the 60 day’s rally it seems to be early for a turnover and fast drop so they may be able to continue with this sideways pattern in which the recent highs may be broken or the markets will fi
CFDsPros.com Markets are facing strong resistance at various levels, the 911.00, 918.00, 925.00 and 931.00 areas on the SP, 1418.0, 1425.00, 1432.00 on the NQ and the 8500-8500 band on the Dow, certainly could post “lower highs” on the daily charts, and yesterday
CFDsPros.com However, if the rally continues, with strong pace, then the 940.00 area will get exceeded during this week, and with some shorts trapped near the 875.00 area or near last week lows, it is probable that yesterday’s move could hold, I would not be surpris
CFDsPros.com So for today’s trading session, after yesterday’s bullishness and with the Nasdaq leading the rally, buying the pullbacks may be the way to go, however, if the SP trades below the 898.25 area bulls may start to be concern.
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