Tuesday, September 14, 2010

Tuesday: Retail Sales @ 8:30

Ok news is out, I suspect we'll bounce around 19 and 12 pre-market. No great mystery today, we have a very clear box formed by yesterday's trade, these are the levels I'll be working off of. Gap fills are always a high priority in my world, and we have one down around 93 from yesterday. Under 1915, my bias is South...unless I can get a short off Yesterhigh; 1921-13 ATR of 28=93=Gap Fill. Again...we could have Bulls on Parade and make new highs. If so..I'll be looking for the 127, 144, 168 fib extensions of yesterday's 24hr range; vice versa to the downside

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