Prechter Stands Alone Again… He’s Done the Math
By Neil Beers
So Bob Prechter is bearish again. That may be no surprise to some, but recall that Prechter was about the only bull on February 23 of this year when he covered the short position he had recommended on July 17, 2007. That was nearly two years later and 800 points lower in the S&P. Read More.
BMO Commentary
Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.
0650.ET
World and US Markets are Up some right now.
QQQQ/SPY are currently Trading at 44.14/ 111.09
QQQQ Resistance is at 44.14, then 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 and Targets .. or the lack of them for continued follow-through.
Be sure to check back here tonight for my Commentary on today’s action .. and a possible Weekend Analysis coming in a few days for Trading through the end of the year.
There are Big Economic Events out today starting at 0700.ET .. with the Big ones starting at 0830.ET . . so a lot can happen between now and the Open.
Metals and Energy Commodities are Up as the US-Dollar is Down right now.
AMC Commentary
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