We discuss today’s action as we put Q2 in the books. We identify important support and resistance levels. We look the action in oil and the oversold condition of the financials. We expect a bounce ahead of the July 4th holiday.
Hey craig, if we stay under 139$ for this week, would you be a shorter of oil?
And, what are you thinking of buying GS now that it is above it’s descending support line (use to be resistance) as a trade up to july 4th?
StockTock is a free resource for both new and experienced traders. StockTock uses simple technical analysis in the context of current market psychology to predict future stock market movement. (Disclaimer)
June 30th, 2008 at 5:50 pm
Hey craig, if we stay under 139$ for this week, would you be a shorter of oil?
And, what are you thinking of buying GS now that it is above it’s descending support line (use to be resistance) as a trade up to july 4th?
[Reply]