A very nice intra-day reversal today

A very nice intra-day reversal today.

I have predicted today's intra-day reversal last Thursday:

Today's Market Close Prediction

July 06, 2009: UP

There is no magic for such predictions. Very simple, because SP&500 will touch 200MA today, and NASDAQ will touch 50MA today. Such trading opportunities are golden time to make some "sure" money.





Tomorrow, NASDAQ 1800 level is very important, once breakout, the market will close up. More important, closing above 1800 could become a signal for the end of this small market down wave and start a new up trend line. But if NASDAQ can not breakout 1800, then a retest of 1770 is possible. In that case, I expect the market will break down 1770, and head to 1750 area, at least.

As mentioned several times before, 1880 and 1750 are two key watch points now. Breaking out/down either one will lead the market to the next level in the same direction.