I was looking for two way action early this morning, and I was right:
We have been going up and higher, that's 2 ways isn't it? That's how the super gurus would spin it! LOL
On a serious note, we are not conforming to my model here early on, as we have only been trading one way, but we'll see where we go after the first hour's range is put in. From there, I'll be adjusting.
Trend days are not the norm on a Friday, but so far someone forgot to tell that to the buyers.
Basis the March S&P Futures contract as of the time I post this:
Support: 1236
Resistance: 1245.50
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