The 837 pivot was an absolute wall of resistance today. The market I thought would at least try and take a shot higher into the low 840's before selling off but the traders today had other ideas. Very weak action today as we were range bound after yesterdays big decline. I hope all of you nailed this one for some scalps!.
Wednesday, February 11, 2009
The Wall of 837
The 837 pivot was an absolute wall of resistance today. The market I thought would at least try and take a shot higher into the low 840's before selling off but the traders today had other ideas. Very weak action today as we were range bound after yesterdays big decline. I hope all of you nailed this one for some scalps!.
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