Tuesday, January 3, 2012

1/3/12: Morning Prep: Futures Soar; Tough Year Remains for EU

Fundamental:
US up before ISM and Fed

Events today:
ISM @ 10am
FED @ 2pm

Be careful of taking trades around those times

Technical: BULLISH
Longer Term- Bull Channel @ Highs (Resistance)


Nearer Term:
There was a bear channel (flag) on a faster time frame chart with what looks like a break of that pattern to a move at the retest of the highs of the day

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