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TOP NOTCH TRADING

THE FUTURES DEFINED


A DAILY TECHNICAL APPROACH TO STOCK INDEX FUTURES FOR INFORMATION: E-MAIL-

haefketim@gmail.com SPU
1715.50 WEEKLY FIB 1712.40** 1707.80 # 1706.90 DAILY FIB 1704.70 YEST. HIGH 1703.10 > 1702.50 v / YEST. SETTLE 1702.10 DAILY PIVOT 1701.40 PIVOTAL 1699.90 < 1699.20 # 1699.00 YEST. LOW 1696.80 DAILY FIB 1692.80** 1688.40** 1684.60** 1677.50 LAST WEEK LOW 1672.50**

08/06/13 NDU
3151.50** 3146.75** 3145.00 DAILY FIB 3141.50 # 3140.50 YEST. / YEAR / CONT. HIGH 3137.00 > 3136.00 YEST. SETTLE 3135.25 DAILY PIVOT / PIVOTAL 3134.00 v 3133.00 < 3130.50 # 3129.00 YEST. LOW 3124.75 DAILY FIB 3118.50** 3112.00 STOPS? 3107.00** 3097.25** 3086.25** / 3056.00 LAST WEEK LOW

5.7 HANDLES IN THE S&P AND 11.5 HANDLES IN THE NASDAQ DOESNT LEAVE ONE WITH MANY OPPORTUNITIES OF TRADING THROUGHOUT THE DAY, BUT MY FRIENDS I EXPECT MORE OF THE SAME AS THIS MONTH MOVES FORWARD. NOW IS THE TIME WHERE PATIENCE WILL BE THE KEY TO SUCCESS, BECAUSE IF YOU GET BEHIND THE EIGHT BALL, ITS TOUGH TO BOUNCE BACK WITH THE LIMITED IDEAS AT HAND. NOW ISNT THE TIME TO LOOK FOR ANY HOME RUNS! THE SINGLE AND DOUBLE HITTERS SHOULD FLOURISH AND LOCKING IN PROFITS ON SHORT TERM TRADES IS SOLID ADVICE. FOR TODAY- FIRST CLUE I SAW CAME FROM THE S&P, AS THIS FUTURE DID TRADE UNDER ITS LOW FROM YESTERDAY LAST NIGHT. HOWEVER, I WONT JUMP TO ANY HASTY CONCLUSIONS, DUE TO THE FACT THE NASDAQ HELD ITS LOW OF 3129.00 PIT / 3128.00 MINI FROM YESETERDAY, CURRENT LOW OF 3129.50. THE RANGES ARE TIGHT, BUT I THINK THE OVERALL POTENTIAL STILL IS LOOKING UPSIDE, BUT IN A GRINDING MANNER. THE S&P SEES TODAYS PIVOTAL, DAILY PIVOT, AND SETTLE PRICES WELL BUNCHED THIS MORNING LINING UP AS A WALL OF FIRST RESISTANCE. NEW HIGHS WILL SEEK TESTS AT THE DAILY FIB OF 1706.90, UPSIDE # OF 1707.80, AND WEEK TARGET OF 1712.40. THAT I BELIEVE WILL BE A TOUGH TASK AT HAND. DOWNSIDE UNDER YESTERDAYS LOW WILL LOOK FOR TESTS OF THE DAILY FIB AT 1696.80, FOLLOWED BY OTHER SUPPORT

PRICES AT 1692.80 AND 1688.40. THE NASDAQ DOES SETTLE UP WITH THE 3135.25 PRICE AS BOTH ITS DAILY PIVOT AND PIVOTAL PRICES. LOOKING FOR FIRST RESISTANCE AT ITS UPSIDE # PRICE OF 3141.50, FOLLOWED BY OTHER TESTS AT 3146.75 AND 3151.50. A MOVE UNDER ITS DOWNSIDE # PRICE OF 3130.50 COULD BE TROUBLE, BUT THERE ARE PLENTY OF BOTTOMS HEADING INTO TODAYS TRADE, SO STOPS COULD BE FOUND IF THE 3128.00 PRICE GOES. EARLY TESTS CALL FOR THE DAILY FIB AT 3124.75 AND SUPPORT LEVEL OF 3118.50. THE VOLUME CONTINUES TO BE THIN AGAIN. THE S&P SEES 123K AND NASDAQ SEES 15K AT 7:55 A.M. THERE IS A JOLTS REPORT AT 9:00 A.M. AND AT NOON THERE IS A 3 YEAR NOTE AUCTION. GOOD TRADING!