Thursday, April 16, 2009

Market Notes as of close 15 Apr

Dollar open gap above settlement- Pullback to breakout level- Consolidation- Value Area Higher

USO open consolidation @ settlement- Value Area Lower

SPY/IWM open within settlement- Failed breakdown attempt- Consolidation range rotation to the high (bullish)- Value Area Lower

10Yr Bond early consolidation- Shakeout of weak longs- Continuation within trend- Value Area Higher