Accendo Traders Weekend Wrap Up Technical Analysis Trade Plan for Sunday, August 3rd
Posted on August 4th, 2008 by admin
Effective Trade Plans delivered daily from AccendoTraders.com. Here is our video technical analysis trade plan for Sunday, August 3rd.
The market has put in the first higher low in a long while. We are once again in the short term caustiously bullish; however, remember we still have strong resistance of the 50 XMA above. This would setup a potential double top if we fail to breakthrough. On Tuesday, we have the FOMC Policy Statement. Perhaps this will be the catalyst to push us through resistance or send us back to the March lows.
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