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Trading Futures Technical & Fundamental Analysis Recap

Discussion in 'Shares' started by Tropo, 8th Jul, 2009.

  1. Tropo

    Tropo Well-Known Member

    Joined:
    17th Aug, 2005
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    Futures Technical & Fundamental Analysis Recap

    Equity markets failed to follow-through to the upside following yesterday’s closing price reversal bottoms.
    Selling pressure was present from the opening this morning in New York as the lack of overnight news in Asia and Europe kept traders on the sidelines.
    U.S. traders tried to hold the stock indices steady throughout the day before caving in to selling pressure late in the trading session.
    Some indices are now at their lowest levels since May 1.
    This is leading most traders to believe that the much awaited correction of the March to June rally may finally be taking place.
    more....FuturesHound.com: Futures Technical & Fundamental Analysis Recap