jasont

My journal has been moved here:

[Link]

Here are my zones for August:

Resistance

1271.25-1272.25
1278-1279
1284.50-1285.50
1290.50-1291.50

Support

1264.25-1263.25
1257.50-1256.50
1250.50-1249.50
1242-1241

I am not trading today as I want to take some time away to get things together.

Here is my journal from the 31st July:

There is no major news hitting the market during hours however in pre market we had the Advance GDP q/q and some other reports at 8:30am. Obviously the news wasn't ideal because we dropped about 10 points in 10 minutes. We are currently trading around the 1273 area.

If we open beneath 1274 then I will look for some further weakness to hit at the open should we reach 1274. If we open above 1274 then I will look for some possible...

Here are the zones I am watching for July 31st:

Resistance

1285.75-1286.75
1290.50-1291.50
1300.50-1301.50
1308.50-1309.75

Support

1280-1279
1274.25-1273.25
1264.25-1263.25
1257.50-1256.50

My Outlook

Nothing has really changed since yesterday in my outlook. Oil bounced yesterday which could shake up the market a bit though it didn't do so yesterday. Apart from that...

Here is my journal from the 30th July:

At 10:35am today we have the crude oil inventories. With how much we have been affected by the oil moves these days this is a rather important news item. I will remain aware of that time.

We appear as though we are going to open with a decent gap higher. We are currently trading at the 1270 area. If we stay around here I may hold off on the short trade at the open unless we show distinct signs of dropping. Beyond there I am going...