Tuesday, October 2, 2012

02-10-2012 Again some EU baillouts! Scalping levels for $SPY, $AAPl, $CVX


Hello Traders,

Another bailout will happen in Spain this give the markets a slight upside to start the day! But how long can the markets be up ? If the $UUp will get a bit the markets will be coming in like we saw yesterday! We will go over some levels for today’s trading ! 

 $SPY:
Will open slightly higher .
Resistance points:
145.65$ double top from yesterday
146.20$ Double top from 25 September
Downside support area’s:
143.50$: double bottom from Friday
142.96 double bottom from Thursday.



$Aapl :
Apple has a nice rebound from the selloff from yesterday.
Resistance area’s:
668.60 50 ma
675.00 200 ma with consolidation area from yesterday
677.00 Double top from yesterday
Support area’s:
650$-648$ in the area apple will find some good support.



CVX:
Resistance area’s:
118.24$ double top from yesterday
118.60$double top area from thursday
Support area’s:
116.56$ gap fill
116.15$ double bottom from Friday



You guys can follow me on twitter/stocktwits for some live updates .


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