Thursday, August 6, 2009

End of Day Market Review 08/06/09



In the last two days, the ES Futures has made a large volume ledge between 992 and 999. Wait to see how the market reacts to the Employment Situation Report tomorrow morning.



The $TICK divergence, which worked most of the day, failed going into the last 30 minutes of the Energy Market Trading. The market will typically move quite a bit between 1400 and 1430 ET, and it is best to wait to see which way the market will break. The VWAP Line continued to act as resistance all afternoon.
Charles

No comments:

Post a Comment