Thursday, June 18, 2009

Market Update - Jun 18th '09

Again, we see this kind of soft landing on 906 for ES and 500 on TF as one possible jumping board to aim at our targets (respectively 968/1000 and 600/625). However, as mentioned already, there is a substantial chance of markets gathering strength on lower levels (1 price segment). In either case, selling pressure is still there at least for a few days to a week.

We may see some increased volatility on derivatives expiration, so we'll probably have a clearer view early next week.

( posted 7:30 AM UK )