Friday, July 27, 2012

Weekend Thread

Colorado
I hope everyone has a happy and safe weekend!   

Friday Afternoon

S&P futures intraday volume count is suggesting a 15-20 point range today. The low of the day session is 1360ish and that puts the high target area at 1375-1380. The weekly R1 is 1376ish, and daily R2 is 1378... so keep an eye on those levels if the bulls push up there. S&P futures are currently trading at about a 4 point discount to SPX, which puts a high target area of 1379-1384 on the cash index.

Friday morning


What ?  You expected a cat ?