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.

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