Tuesday, March 3, 2009

Ok Lets Go!

The futures as I type this are once again trading nicely higher and looking a to have an opening gap off the open. In my option we are ready to rock to the upside. The dips are still being bought up as we noticed on Tuesdays trading and I really feel the down side looks exhausted. I am still holding some ES contracts from the 700 pivot and looking for clarification today and a nice reversal higher. Some area to watch if this market gets going are 700, 714, 726 and possibly 741 if we really get going to the upside. Lets stay focused and give the market the chance now to explode higher as we are at extreme oversold readings. Happy Trading.

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