The First Trading Session of 2013 concluded with a bang |
|15 min ES – note|
As technicals aligned with headlines so to speak, the perfect storm has passed leaving the NDX up 85.54 points or 3.21% to close @2746.48 & the SPX added 36.23 points or 2.54% to close @ 1462.42.
The RUT added 24.07 points or 2.83% to close @ 873.43 after trading as high as 873.99.
Today was a day to take profits into this move. not initiate new positions are highs of session/range. Now comes the digestion period as there is air below 1440 into 1428 or so. over 158 we have 1460-70 as next line of resistance going back to 9/10/2012 1468 high.
|SPX 1 hour|