Wednesday, April 20, 2011

Pre market analysis 4-20-11 Wednesday



News: Existing home sales @ 10AM
Trade plan : ES has been moving  higher the last few sessions after hitting the 50 % level at 1290s. Globex has been trending higher all night moving almost 20 points up. The buyers are in control and im expecting support to be bought on any pull backs. I will wait to see how the open range unfolds and will look to go with the buyers at support.