Intraday Commentary 6/15/10
Time posted: 9:50am UTC
A break above 1095.5 should take us to 1100-1101 with 1096.5 and 1098 beinga points of res along the way. Support is around 1092.5
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If we break south of the the 1092 area, watch for 1090 and 1088 as being additional points of support.
be careful around this strong 1098 area of res. think about trailing and move stop to break even or minimal loss
Watching for pullbacks from target.
1116.5 is the next traget on the way to the longer term 1123.75 one. As of now, expect 1106.5to act as res.
1112.50 is another resistance point that we could possibly slow around or pullback from.
1105.25 and 1103.75 could act as the support areas from which the trend will trigger resumption. Let’s see
trigger1107 long at a break of with 1104 as support
1108.75 and 1110 may act as res on the way to the 1112.5 target-1 and 1118
If you didn’t exit at close then exit no later than 4:30 or so EST