Wednesday, October 14, 2009

ES Market Stays Above 10/12/09 High In Morning Session 10/14/09

Profit takers drove the market toward yesterday's close, but the market found support 1 point above the 10/12/09 high. We didn't get a divergence signal or a serious retest of the morning low. We did, however, get a nice move to the upside following the first $TICK correction to the lower Bollinger Band after the test of the 10/12/09 high.

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