Friday, August 6, 2010
Market Action Outlook for Friday
We have seen nothing but a sideways market consolidation for the last three days. We are approaching a critical level of resistance above at 1128-1130 on the ES. Employment numbers will be released at 8:30am EST Friday Morning ahead of market open. I expect a significant move in the markets tomorrow and the majority of that move may happen ahead of market open. I will be looking for the right entry point to short the market, 1130 is looking good right now, but we'll see what the early morning market action presents. I will post my short entry when I take it...
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