Tuesday, July 30, 2013

/ym for 7/31

Took a few days off but let get started again...

1. Depending on the gap situation we will want to take that. We like Wed, Thurs and Fri for gap plays and especially the last day of the month. We however will need to check the charts in the morning to see the size and how it has traded over night.

2. We will have 2 important new releases which may create good trading opportunities for us. Remember panic is our friend. So keep a close eye on the markets around these times. I will be watching the TICK's, TIKI's, and how price is acting around our levels of S/R.

3. Seems like we our building some support around 15421-15431 area and would also be interested to see how price reacts if it gets down there.

Important news releases:

These are 2 that we want to be aware when trading tomorrow.
GDP 8:30am
FOMC Meeting Announcement 2:00pm




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