March, 15 2011

Morning Brief by Anthony Crudele The longs are running for cover. The technicals for the longs broke down last week and the news from Japan helped bring this to the surface. Overnight we traded one tick away from the low of the year. Basically we have a double bottom 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 these overnight lows then all bets are off and we should trade down to 1239.00. The daily pivot is 1274.50 and I will be seller here up to 1279.75. I am trading on the outsides by buying support small and selling resistance small. With volatility as high as it is, I am trading based off the long term technicals because intraday technical analysis is secondary in a market like this. The FOMC meeting and any news regarding Japan are the primary focus of today’s trade. Small and Smart.

E-Mini Daily • 133350 • 131375 • 129400 • 127450 Pivot • 125475 • 123900 • 121775

E-Mini Weekly • 139000 • 136500 • 133325 • 130175 Pivot • 127050 • 123900 • 120750

S&P Cash Weekly • 139444 • 136856 • 133925 • 130994 Pivot • 128064 • 125133 • 122202

Top of Value Bottom of Value TPO Point of Control High Volume Bar Prior Day’s Settlement Average Trading Range

129425 128525 129200 129175 129050 2222

10 Day Moving Average 20 Day Moving Average 50 Day Moving Average 200 Day Moving Average
Yearly High 2-18-2011 Yearly Low 1-03-2011 2010 Closing Price 2011 Opening Price

130144 130872 129659 116930

Prior Day High Prior Day Low Weekly High Weekly Low
133775 125075 125300 125600

130375 127850 132200 127850

Source: CQG, Inc. © 2011 All rights reserved worldwide.

March, 15 2011

1357.62 is the low of the year in the cash. Watch for stops below here.

I will be a seller into the single tick from 1274.00-1279.75.

Source: CQG, Inc. © 2011 All rights reserved worldwide.

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