Monday, March 24, 2008

ES Futures Morning Session (03/24/08)




The $TRIN Indicator made a lower low at 0952 ET, which was 8 minutes before the 1000 ET Economic Report for the day was issued. For the remainder of the morning, the $TRIN traded near Friday's Pivot of 0.72 and below most of Friday's values.

The NYSE Advance - Decline Line traded above Friday's highs and kept climbing, all of which indicated a bullish Monday Morning.


The $TICK long term average confirmed the bullishness by remaining above the zero line all morning. Market Structure also remained bullish by continuously making higher highs and lows.


Charles

No comments:

Post a Comment