Week of Monday, June 29th, 2009
My internal indicators are currently bullish to neutral as of Friday last week. We retested the November low and got our tradable rally. We remain in a news-driven, government manipulated market. This could change quickly. On the downside, if we establish trade below the pivot, we should target S1 rather quickly. If the pivot holds as support, then I am still looking for R1 as our upside target.
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Weekly Pivot/Support/Resistance Numbers:
939.50 = Resistance2
926.80 = Resistance1
905.50 = Pivot
892.80 = Support1
871.50 = Support2
The hypothetical profits and losses mentioned in this report do not take into account commissions and fees paid
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Jeff Roy
Alaron Research Team
800.929.5600
jroy@alaron.com
There is a substantial risk of loss in trading futures and options.
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