Tuesday, January 20, 2009

Obama Inauguration & OE manipulation week

Today is the Obama inauguration day and a start of the OE week. Market price pattern is schizophrentic lately.
http://trend-signals.blogspot.com/2009/01/depressing-markets-going-into-obama.html

QQQQ: Trading above 30, Qs will trade to 31.50 in vst and to 34 r. Supports are 29/28.50

SPX: Trading above 850, SPX will trade to 890 in vst and to 950 r. Supports are 820/750
Trading below 820, it will retest the Nov low.

Pivotal Supports: DOW 8000, SPX 817, Nasdaq 1455, and Qs 28.

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