What Record High Dollar Volume of Trading Says About Confidence
by Steve Hochberg and Pete Kendall
BMO Commentary
Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.
0805.ET
World and US Markets are Up Big now.
QQQQ/SPY are currently Trading at 44.14/ 111.09
QQQQ Key level = 44.14
QQQQ Resistance is at 44.68, then 44.92
QQQQ Support is at 43.80, then 43.61, then 43.40, then 43.17, then 42.8x, then 42.3x
Use these levels to look for turn Signals .. or the lack of them for continued follow-through.
Subscribers, read what I wrote last night and look at the Annotated Charts .. especially #1 and #2 .. for direction today.
Be sure to check back here tonight for my Commentary on today’s action.
There are some very important Economic Events out today starting at 0830.ET.
Metals and Energy Commodities and the US-Dollar are mixed-unchanged right now.
AMC Commentary
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