Day Trading – The Bullz And Bearz
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Bullish Candlestick Support Levels
May 11th, 2010
Yesterday morning we saw a very big and important bullish candlestick pattern. Mostly it was the excitement over the European Union’s nearly $1 trillion rescue program to support debt-burdened countries – but that has since faded after just 1 day of trading. Futures are lower this morning on the sobering news, but this won’t last long. The markets need to see an out-right failure before the continue to crash. My bets are placed on the mid-point of the white candle as the first major area of support. From there the market’s should rally today – maybe not to a positive close, but at least bounce off it.
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Today's Live Market Quotes & Charts
02-03 17:30
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Today's Live Market Quotes & Charts
| NASDAQ | 2905.66 | ||||
| S&P 500 | 1344.90 | ||||
| ^TNX | 1.95 | ||||
| ^XAU | 200.34 | ||||
| ^XOI | 1295.01 | ||||
| FXP | 22.06 | ||||
| USO | 37.59 | ||||
| XLE | 72.77 | ||||
| CMD | 52.74 | ||||
| EDZ | 12.38 | ||||
| UDN | 27.33 | ||||
| BGZ | 23.50 | ||||
| URE | 60.68 | ||||
| UUP | 22.03 | ||||
| GDX | 56.44 |
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