Thursday, January 18, 2007

Russell and GBPUSD 1-18-07

The index markets had an early morning continuation of yesterday afternoon's downtrend, the Russell opened lower and continued down through major support at 787.90.

First signal was at 6:57 long at 790.9 for -1.8. Second signal was a reversal of the first at 788.2 for +1.5. also the market broke major support here. Last signal was Long at 785.8 which also broke but failed to follow through -1.8.

Net of comms -2.1.

Yesterday's Long GBPUSD was closed at breakeven on a major reversal candle at 4:00 a.m.
Save to

No comments: