U.S. Stocks: Will The Bears Relinquish Control?
BMO Commentary
Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.
0800.ET
World and US Markets/Futures are Up some.
QQQQ/SPY are currently Trading at 43.11 / 107.11
The US-Dollar is Down slightly .. hovering at 80 now.
I’m looking for a small rise at the Open … with ST Resistance levels at 43.30, 43.40, then 43.5x . . . rising and Holding above that would be very ST Bullish. . . . Look for Reversal Signals at each of these Resistances on the way Up as Bulls showing their weakness .. but don’t necessarily jump on the Bear wagon unless you have a Strong Down Signal or you are Trading a VVST move.
There are Economic Events out today.. with the biggest one at 0830.ET
AMC Commentary
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