Day Trading 8/11/09
Wednesday, August 12, 2009 @ 01:08 AM Author: Anthony
Hello again all. The markets finally pulled back today as the FOMC meeting got under way. The longer term uptrend was broken for now and the SPX may be setting up a head and shoulders pattern. The current support level is just under 991.50.
Continue to be cautious until the Fed wraps up their meeting and expect the best trading opportunities to be in the morning.
ShogunTrading.com
