Thursday, May 28, 2009

Morning Review 05/28/09


Even with the bullish $TICK divergence and the fact that the market was near a multi-day support area, I did not think that the market would trade past its VWAP line, but it did. The Pivot Line and 0930 ET open price are now resistance, and perhaps the VWAP Line is support.
Indicators are turning green again.
Charles

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