Despite the rally we have seen in the S&P emini we are sitting on a very shaky economy. Still everything will be fine always remember the pendulum swings both ways.
Until we get the true upswing however my money is still on the short side of the market. Sell the rallies and buy the breaks.
From the TradeMaven Software, Pivot/Support/Resistance for 24 Mar:
Upcoming Reports:
Monday
Existing Home Sales 10:00 ET4-Week Bill Announcement 11:00ET
Tuesday:
Consumer Confidence 10:00 ET
Wednesday:
New Home Sales 10:00 ET
Thursday:
GDP (final) 8:30 ET
Corporate Profits 8:30 ET
Jobless Claims 8:30 ET
Friday:
Personal Income and Outlays 8:30 ET
Consumer Sentiment 10:00 ET
