Friday, August 21, 2009

Market Update - Aug 21st '09

Not much happening on our index futures yesterday with the same hesitation around trading range highs.
Chances of breakout are quite significant so any good news could trigger the next round of buying. We would then check our 32 point wide price segments for targets.
TF is in the same situation, so while we may see a continuation of the same congestion, it is also likely to aim higher even if we can't pinpoint exactly when. Maybe today, maybe not...

( posted 6:30 AM UK )