Market completes powerful trend day up, tests $1078.00 upside target…

Last week’s market continued to decline after completing S&P Messenger’s forecast $1066.00 downside target forecast on Wednesday, January 27. As noted in previous reports the week of February 1st is the next forecast ‘on time’ weekly market bottom (+1 week). Therefore, the market is nearing a critical juncture on the downside as last week completed the week of February 1. Messenger Pro will update this report regarding this bottom.

Current Contract: Dec. 2009 S&P

Daily open: $1,064.00
Daily high: $1,077.90
Daily low: $1,057.60
Daily close: $1,076.60
Daily range: $20.30

All times listed are Chicago time.

Daily Turning Points

(All turning points are accurate +/- 1 unit of time)
Daily Trend: Neutral / Up
Current Daily Turn (Low): Feb 05
Prev Daily Turn (High): Feb 03

Intraday Live Trades for 02/11/2010

Trade Attempt

08:47:18 AM – Sell Limit placed at 1062.25
08:52:47 AM – Faded Entry at 1061.75
08:52:47 AM – Initial Exit at 1060.50 for Approx. Gain of $1.25
08:53:08 AM – Protective Buy Stop placed at 1063.25
08:56:24 AM – Final Exit at 1063.25 for a Approx. Breakeven of ($0.25) on Entire Position

Order Cancelled

10:24:28 AM – Buy Limit placed at 1071.00

Trade Attempt

11:34:34 AM – Sell Limit placed at 1074.75
12:16:08 PM – Faded Entry at 1074.50
12:16:08 PM – Initial Exit at 1073.75 for Approx. Gain of $0.75
12:16:30 PM – Protective Buy Stop placed at 1075.50
12:23:32 PM – Final Exit at 1075.50 for a Approx. Breakeven of ($0.25) on Entire Position

Order Cancelled

12:51:22 PM – Buy Limit placed at 1072.25

Super Trades completed on 02/11/2010

Today’s Completed Forecasts/Trades

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