Friday, July 13, 2012

Weekend Thread

Colorado
I hope everyone has a safe and relaxing weekend!

Friday Afternoon

S&P futures have been moving up this morning... and we are right at potential resistance here at 1349ish. The intraday volume count is indicating about a 20-25 point range today. The day session low was 1332, which puts a high target area of 1352-1357 on futures... and 1357-62 on SPX.

There was a high volume exchange between 1344-1347 in the futures a few hours ago, and it could be magnetic for an afternoon pullback. If the bulls hold that area, I'm expecting another push into the high target area into the close.

Friday Morning


I heard that someone posted this in the comments here recently... 

so Thank You!
 
It's a great way to get your mind prepared:

 It's going to be a GREAT DAY!