-Will be looking at how the narrow range it traded through most of the day (55.70/56.18) is resolved. Considering the general market was weak in the afternoon and $TPX established the low relatively early, I am leaning for a re-test of 58.00 .
Monday, April 11, 2011
$TPX Will $58.00 be re-tested?
$TPX opened and traded above the 58.00 level I had indicated as important earlier. http://jpotrading.blogspot.com/2011/04/tpx-5800-pivot.html . It quickly re-established the downtrend from Friday.
-Will be looking at how the narrow range it traded through most of the day (55.70/56.18) is resolved. Considering the general market was weak in the afternoon and $TPX established the low relatively early, I am leaning for a re-test of 58.00 .
-Will be looking at how the narrow range it traded through most of the day (55.70/56.18) is resolved. Considering the general market was weak in the afternoon and $TPX established the low relatively early, I am leaning for a re-test of 58.00 .
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