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Daily stock market support | resistance | trend forecast - Opening Bell

 
Employment Situation - Day trading alert
Patel (9/4/2009 3:09:08 AM)

Today day trader need to watch Employment Situation, 1993 our nearest resistance and major strong resistance zone 2030 – 2050 and for down side watch 1971 Nasdaq moving with weakness in

rate of change (ROC) and relative strength index (RSI) for short term.

Below 1971 day trader can enter short with target 1954 / 1932 with 5 point stop loss, and above 1993 day trader can enter long with target 2028 / 2036

Above 2036 our next strong resistance is 2050. Using this support and resistance forecast, plan your day trading or Stock trading strategies.

For Stock investing or Day trading you need to keep eye on strong Support | resistance

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Daily stock market support | resistance | trend forecast - Opening Bell,Index,ETF,stock trading,day trading, penny stocks,stock research,401k

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With everyone from DoubleLine Capital’s Jeffrey Gundlach to inverted yield curve disciples now forecasting a recession, it must be time to join the crowd and sell stocks, right? Actually, this is exactly the wrong thing to do right now.
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Last Post of Before the Bell
Today day trader need to watch Employment Situation, 1993 our nearest resistance and major strong resistance zone 2030 – 2050 and for down side watch 1971 Nasdaq moving with weakness in
Today day trader need to Factory Orders and FOMC Minutes, 1993 our nearest resistance and major strong resistance zone 2030 – 2050 and for down side watch 1967 Nasdaq moving with weakness in
Today is a economic indicator released day, so day trader need to watch Motor Vehicle Sales, Goldman Store Sales, Construction Spending, Pending Home Sales Index, to me Pending Home Sales Index is important, so for day trading
Yesterday Nasdaq hit 20 day moving average and bounce back from there, still for today also our support and resistance are same as yesterday, Nasdaq looking some strong reason to go up or down and again
Yesterday Nasdaq stay side way and looking for some strong reason to go up or down and again distribution going on. Today day trader needs to watch GDP,
 

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