Daily Directional Forecast:

Mohan's Market Force Daily Directional Forecast
by Mohan

July 2, 2009

No Directional Forecast today due to low holiday volume and momentum. No recommended IntraDay Swing Trade setups. "Scalp Trader" will be on line for first 3 hours of the trading day.

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Recap of Wednesday's Action:

Good Morning and thank you for joining with us today.

This week has been a bit different than past pre 4rth of July weekends with lower volume and tighter ranges.

Because of this I feel it is best to just stand aside for today and take an extra long weekend.

I'll be on Scalp Trader during the first few hours of trading to see if there are any early scalps worth taking. We will definitely be done early however as we are just not seeing the type of momentum we want for regular trading.

Have a nice weekend and I'll look forward to updating everything on Monday.

All the best, Mohan

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