The S&P futures had a good run up this morning.
Just before the US Open, the market tested the overnight lows (T) and took off. You can see the demand that came in off the US open, confirming the test (D1) and indicating the overnight high would break. The short pause here had light downside volume, opening the door for buyers to come in, and they did (D2). Buying extended some 20 points off the morning low before dying out. So far, the market is holding its gains.
Live Trading Tomorrow – Free Event
Tomorrow, I’ve been invited to join David Weis in a live trading session starting at 10:00 AM Eastern Time. It is being hosted by TradeGuider, and the event is free. I’ll be there for a couple of hours, and hopefully, we will have some good trading. You can register for the free event at this link: Free Live Trading: Friday, Feb. 6 at 10:00 AM ET
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