The S&P 500 is indicated to open 8 points higher with premium factored in.
The NASDAQ futures are indicated to open 10.5 points higher.
We should have a fairly high odds, low risk fade of the higher open today.
We will have to see how it acts after it opens to see if the market will fill the gap.
This higher open will put us back into the Value area of 1352.14 - 1340.64.
It is imperative that we manage to stay inside here for most of the day if the market is going
to put together any type of rally continuation.
I will post the Opening Range when it has been calculated.
Good Luck today and lets all have an exciting and profitable day!!
Wednesday, February 6, 2008
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