Friday, August 14, 2009

Market Update - Aug 14th '09

Quick end-of-week update.
This week has indeed been overall contained in the same trading range with the same bullish bias. Chance of a breakout on the up side are substantial.
TF is also exactly on the resistance level we anticipated, and could still aim higher.

We'll review our scenario on the weekly report, but are considering moving our targets higher (1047 for ES, 590 for TF).

( posted 8:30 AM UK )