'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**
Sunday, October 2, 2011
This daily chart from the market (YM) doesn't show any bullish traction unless there will be a big news coming from Europe before the market opens late today.
Last Friday's market was a big drop and there is a big chance it will continue that way.
But the way I can see from there a bounce is most likely.
The market is still on the trading range with the support at 10500 and resistance at 11500.
Monday's market will be a volatile trading as usual, while the most profitable to trade the market is the TWTh days. Friday is usually a choppy range.
Let's see the overnight range what the market brings.