{"id":1847,"date":"2009-09-15T07:32:53","date_gmt":"2009-09-15T12:32:53","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=1847"},"modified":"2009-09-15T07:32:53","modified_gmt":"2009-09-15T12:32:53","slug":"before-the-open-sep-15","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=1847","title":{"rendered":"Before the Open (Sep 15)"},"content":{"rendered":"<p><span style=\"font-size: medium;\">(I increased the font size. Do you like it better or does it not matter? Let me know by commenting below. Thanks.)<\/span><br \/>\n<span style=\"font-size: medium;\">Good morning. Happy Tuesday.<\/span><br \/>\n<span style=\"font-size: medium;\">The Asian\/Pacific markets closed mostly up \u2013 there were a couple 1% gainers.<\/span><br \/>\n<span style=\"font-size: medium;\">Europe is currently mostly up \u2013 gains are on the small side.<\/span><br \/>\n<span style=\"font-size: medium;\">Futures here in the States are green by a couple ticks \u2013 as of now it\u2019ll be a flat open. &#8230;<!--more--><br \/>\n<\/span><br \/>\n<span style=\"font-size: medium;\">Here\u2019s the weekly SPX. A rising wedge within an overall downtrend is right up against a very thin trading area. The wedge either resolves down or gets invalidated by melting up. There may not be much resistance overhead because since little volume took place between 1050 and 1250, there won\u2019t be many traders\/investors looking to get out even.<\/span><br \/>\n<span style=\"font-size: medium;\"><img src=\"http:\/\/leavittbrothers.com\/before-the-open\/images\/spx091509-1.png\" alt=\"\" \/><\/span><br \/>\n<span style=\"font-size: medium;\">Here\u2019s another version. A line parallel to the lower support line has been drawn through a high point in the pattern. Per median line theory, this resistance line may contain the price action, so don\u2019t assume the index will travel entirely through the thin area.  Also, if the index moves up, former resistance at 1200 may come into play (in fact if it takes several weeks to get up there, the upper blue line may cross 1200 very close to when the SPX gets there).<\/span><br \/>\n<span style=\"font-size: medium;\"><img src=\"http:\/\/leavittbrothers.com\/before-the-open\/images\/spx091509-2.png\" alt=\"\" \/><\/span><br \/>\n<span style=\"font-size: medium;\">These are the longer term areas I\u2019m looking at. Nothing is guaranteed, so don\u2019t assume anything is going to happen. More after the open. <\/span><br \/>\n<span style=\"font-size: medium;\">headlines at <a href=\"http:\/\/biz.yahoo.com\/apf\/archive.html\">Yahoo Finance<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">today&#8217;s <a href=\"http:\/\/briefing.com\/Investor\/Public\/Calendars\/UpgradesDowngrades.htm\">upgrades\/downgrades<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">yesterday&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=1845\">Sector Performance<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">this week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=1837\">Earnings Reports<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">this week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=1839\">Economic Numbers<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">open a real-time futures demo account at&#8230;<br \/>\n<a href=\"http:\/\/www.infinityfutures.com\/IATdemosignup.aspx?ref=aglb\"><img src=\"http:\/\/leavittbrothers.com\/banners\/v3468x60.gif\" alt=\"\" \/><\/a><\/span><br \/>\n<script type=\"text\/javascript\">\/\/ <![CDATA[\nvar gaJsHost = ((\"https:\" == document.location.protocol) ? \"https:\/\/ssl.\" : \"http:\/\/www.\");\ndocument.write(unescape(\"%3Cscript src='\" + gaJsHost + \"google-analytics.com\/ga.js' type='text\/javascript'%3E%3C\/script%3E\"));\n\/\/ ]]><\/script><span style=\"font-size: small;\"><br \/>\n<script type=\"text\/javascript\">\/\/ <![CDATA[\nvar pageTracker = _gat._getTracker(\"UA-6273151-1\");\npageTracker._initData();\npageTracker._trackPageview();\n\/\/ ]]><\/script><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(I increased the font size. Do you like it better or does it not matter? Let me know by commenting below. Thanks.) Good morning. Happy Tuesday. The Asian\/Pacific markets closed mostly up \u2013 there were a couple 1% gainers. Europe is currently mostly up \u2013 gains are on the small side. Futures here in the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/1847"}],"collection":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1847"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/1847\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}