Saturday, September 26, 2009

End of Day Review 09/25/09

The cash market tested the 1040 area and found some support.

The $TICK MA on the 15-minute chart is still indicating that buying is occurring at this level.

The futures market is still closing just below volume resistance. Friday's Point-of-Control or high volume price range is 1044 - 1042.

After the market broke morning support, we started to get $TICK bullish divergence signals. The market then traded back through resistance to its VWAP Line. The market then found resistance just above the 0930 ET open.


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