Monday, July 20, 2009

Morning Session 07/20/09




Interestingly as the ES Futures was testing the overnight high, the VIX was climbing into more bearish territory relative to Friday's action. The ES market then quickly turned down below the 0930 ET open following the Leading Indicators report at 1000 ET. The open price then became resistance. We some support at 937 going into the European Market close.
Charles

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