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Bullish Pressure Finally Forces Short Stock Traders to Give Up

Discussion in 'Forex Daily News & Outlook' started by futuretrends24, Sep 27, 2010.

  1. futuretrends24

    futuretrends24 New Member

    Apr 30, 2009
    Likes Received:
    Today’s sample of Futures Analysis from FuturesHound.com

    The December E-mini S&P continued its rally this week, bucking the seasonal tendency and pretty much assuring that September will be an up month. This index was choppy this week, but eventually bullish investors were paid off when the market rallied on Friday.

    Tuesday’s Fed statement, hinting at more asset buying, should have been enough to launch a rally, but investors were nervous about buying strength, triggering violent swings. Eventually the bulls won the battle as buyers defended the low for the week twice before finally pressuring the shorts enough to give up their positions.

    The charts are now indicating that 1155.00 to 1160.75 is the next upside target.

    Read full article at ForexHound.com as well more Forex Trading articles including Forex Technical Analysis and Forex Education

    Disclaimer: Trading foreign exchange on the margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore should not invest money that you cannot afford to lose.

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