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Watch The Gap and 1305.25 Early

June 26, 2008 9:35 AM

Mondays low was 1305.25? I believe. Be careful in that area early. I need to see how this gap reacts to have an idea of the market is going to get crushed today. It looks like this is going to be about the dollar/oil today. If oil clears the high, panic will likely come as oil would likely skyrocket.

Written by Tom@StockBlade.com · Filed Under SP Futures 

Comments

4 Responses to “Watch The Gap and 1305.25 Early”

  1. Tom@StockBlade.com on June 26th, 2008 9:36 am

    Ok, it bounced off 1306, thus far. I am still not certain if this will hold.

  2. Tom@StockBlade.com on June 26th, 2008 9:44 am

    hmmm, bounced off 1306, shot up to 1309.75 high, thus far

  3. Tom@StockBlade.com on June 26th, 2008 9:55 am

    If we cannot clear 1309.75, this is shaping up as a trend day down, thus far…keep in mind, the close is ALL that matters today..

  4. Tom@StockBlade.com on June 26th, 2008 10:02 am

    GRRR…it cleared it, it is going to make this far more difficult now. Home sales were actually decent. i believe this is seasonal, but whatever

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