Monday, July 9, 2012

Bruce's not-quite pre-market analysis for 7/9/12

The hourly chart shows price making a MD high on Thursday and a lower 24Hr low Friday afternoon, followed quickly by a lower 24Hr high at Friday's close. Price is currently testing the 24Hr MA in the timeframe for a session high to be made. A session low is projected for 10:15am Central. A higher session low would indicate that we have already seen the 24Hr low well ahead of projection and be a good indication that Friday was a MDL; a lower session low will indicate price is still searching for its 24Hr low projected for after today's close.



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