Friday, Eurex and Eurenext were closed.
Thursday, after European close, S&P future went down to as low as 864.5 and closed around those levels. On Friday it closed around 876. Today it is trading around 880 before the European open.
Skyrocketing to 887.5 on thursday and being sold off till 864.5 were to extreme moves.The market is bullish, but the move on thursday was a shoting star and could be the beginning of a reversal.
I remain cautiously bullish and waiting for a close around 890. If the market closes below 850, big sign for a reversal.
Sunday, May 3, 2009
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