INDEX:SPX   S&P 500 Index
290 0 9
*Should say 9:30 am (8:30 am my time zone)...
Given the recent Eur/Usd             run to nearly 1.30, I am playing the probability of an exhaustion gap for Friday Nov. 23, 2012 market open. There is also the possibilty of some pint up demand come Monday, given the fact that market had a short week with low volume and many are on vacation.

Exhaustion gaps are a sign that price movement or the trend is exhausted. So it is possible that the S&P             runs to 1400             or stays steady inbetween 1388/1391 support/resistance and 1399/1402 resistance. Either way I beleive the recent move is ready to reverse next week if the Eur/Usd             does not fully correct and price back to 1.2695 - 1.2815 previous trading congestion.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out