Thursday, April 23, 2009

Market Notes as of close 23 Apr

Dollar open gap lower- Pullback to Demand- Consolidation- Value Area Lower 

USO open and consolidation around settlement- Value Area Sideways

SPY/IWM open gap lower- "Buying Tail"/Rejection of Lower area- Consolidation @ previous Supply followed by liquidation in closing range- Value Area Higher

10Yr Bond PreMkt down auction- Continued down auction @ US open- Value Area Lower