Thursday, December 3, 2009

Unemployment Friday Key Levels



Hey Guys!

It has been a long time since I have posted so I am going to give out a few levels for unemployment friday, tomorrow.

Overall the major selloff we had in the last 45 minutes gave the direction possibly tomorrow. The last 45 minutes is the seperated M and N period circled in red.

The market auctioned to new year highs in the first 30 minutes (seperated A period) before creating a failed auction, geting accepted in the B-L periods, and testing the other extreme, 1097.50.

The important levels are listed on the picture, make sure to watch out for the minus development, because the are a lot of sellers in those areas.

Overall, 100000 contracts were sold today, liquidating all the longs in the previous 2 days.

Thanks,



Julian

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