ANALYSIS – 6925 and 7020 IS KEY TODAY – AGAIN!!
TODAY LOOK TO BUY DIPS TODAY NEAR 6965 WITH 1 MIN BAR ACCEPTANCE BELOW 6925 AS THE STOP. NEEDS A REVERSAL SIGNAL BEFORE ENTERING . TARGET 7000 – TRIGGERED YESTERDAY AND TARGET JUST ABOUT HIT
1 MIN BAR ACCEPTANCE ABOVE 7020 IS A BUY FOR 15 POINTS. STOP 15 POINTS. VALID BEFORE AMERICA OPENS. – 7020 WAS THE HIGH YESTERDAY! BUT I FANCY THE SAME TRADE TODAY SO IF WE SEE 1 MIN BAR ACCEPTANCE ABOVE 7020 GET LONG.
SHORT TERM DIRECTION -NEUTRAL ABOVE 6925
MEDIUM TERM DIRECTION NEGATIVE BELOW 6900
SPIKES IN FIRST 5 MINS AFTER OPEN – keep an eye on 7020 for more experienced traders.
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Anna Rosso