Tuesday, July 7, 2009

End of Day Review 07/07/09



At first, 882 did act as support, but later in the day it became resistance. The $TICK divergences at key support (882) and resistance (VWAP Line) levels led to high probability reversals.



As was discussed with MAX in the comment section of the previous post, fading upward corrections as indicated by the $TICK going past the standard deviation lines in an otherwise down trending market gave successful trades.
Charles

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