Pre-Market 11/30/2011 | Bulls on Wall Street

Pre-Market 11/30/2011

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Morning folks! Monster gap in the markets with the SPY up 3% premarket as central banks join forces around the world to provide liquidity to stem the crisis.  We knew this news was coming it was just a matter of when.  After this gap we will have broken over the 50 day moving average and possible the 20 day.  This gap puts ur right back into the range.   Now we are back in a good spot in the markets this gap will make daytrading a bit tricky today we will have to wait for either a pullback or some other type of intraday setup, cant chase this open.  We have the 50 day moving average now will be strong support any dips towards that spot can be seen as buying opportunity. Trade safe today unless you were long going in its going to be a bit tricky.

 

 

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