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Morning Brief3-15

Morning Brief3-15

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Published by Eli Radke

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Published by: Eli Radke on Mar 15, 2011
Copyright:Attribution Non-commercial

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05/12/2014

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March, 15 2011
Source: CQG, Inc. © 2011 All rights reserved worldwide.
Morning Brief by Anthony Crudele
Yearly High 2-18-2011 133775
 
Yearly Low 1-03-2011 1250752010 Closing Price 1253002011 Opening Price 125600
Top of Value 129425Bottom of Value 128525TPO Point of Control129200High Volume Bar 129175
Prior Day’s
Settlement129050Average TradingRange2222
10 Day Moving Average 130144
Prior Day High 130375
20 Day Moving Average
130872Prior Day Low 127850
50 Day Moving Average
129659Weekly High 132200
200 Day Moving Average
116930Weekly Low 127850
E-Mini Daily
133350
131375
129400
127450 Pivot
125475
123900
121775
E-Mini Weekly
139000
136500
133325
130175 Pivot
127050
123900
120750
S&P CashWeekly
139444
136856
133925
130994 Pivot
128064
125133
122202
The longs are running for cover. The technicals for the longs broke down last week and the news from Japan helpedbring this to the surface. Overnight we traded one tick away from the low of the year. Basically we have a doublebottom for the year in the futures. I am bearish and have been bearish, but selling down here could be dangerous.There is support 1254.75 and I will be a buyer down to the overnight lows at 1351.00. If the market cannot hold theseovernight lows then all bets are off and we should trade down to 1239.00. The daily pivot is 1274.50 and I will be sellerhere up to 1279.75. I am trading on the outsides by buying support small and selling resistance small. With volatility ashigh as it is, I am trading based off the long term technicals because intraday technical analysis is secondary in a marketlike this. The FOMC meeting and any news regarding Japan are the primary focus of 
today’s
trade. Small and Smart.

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