Monday, September 14, 2009

Morning Market Review 09/14/09

The American Market doesn't seem too concerned about the US - China tariff dispute. Once the market traded above the 1035 level, it treated that level as support.

We did get a bearish divergence near the overnight high, but the 1035 level attracted more buyers than sellers, and the market proceeded to close the opening gap.

The market is currently stalling at Friday's Point-of-Control.


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