Monday, July 27, 2009

End of Day Review 07/27/09



The market continues to make higher lows. The drop in this mornings market found support near the 62% Fibonacci level. The market found resistance near 977 for most of the afternoon, but then traded above that level a short distance.



Once the market traded above the VWAP line in the afternoon, it became support, and the market is ending the day above its 0930 ET open price.
Charles

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