Thursday, November 5, 2009

ES Emini Futures Trading Morning Session Review 11/05/09



After the "B" period traded through yesterday's Point of Control, the market has stayed above this price and volume level.



The one fly in the ointment is that both the Dow Transports and Financials have been unable to trade above yesterday's highs.



Both the overnight high and yesterday's day session high fell as resistance. The lack of Transportation and Financial confirmation of the new highs may make yesterday's day session high a weak support level.

Charles

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