Thursday, June 26, 2008

Thursday Morning - 06/26/08



The $TICK has been negative all morning. The $TRIN started trending up at the end of the 1025 ET , 5-minute bar. The $TICK and NYSE Advance - Decline Line started a down trend at the end of the 1035 ET, 5-minute bar.




For the first hour and a half, the ES Futures oscillated between the 0930 ET open and the Nearest Daily Range Extreme Average. It started to move downward after 1030 ET. The -1 Standard Deviation line is now acting as resistance.
Charles

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