Monday, May 4, 2009

04/May intraday

15.20 Amsterdam
We are having a pretty tight day, high-low being 883.75-876.

Right now the S&P future is trading around 880. I still feel the bullish strength, but the bulls have to get a close around 890s, or at least above 880s to be promising for the coming days.

With the emerging of shooting star reversal formation in the daily chat, it is wise to be cautious.

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