Wednesday, November 18, 2009

ES Futures - End of Day Review 11/18/09



Almost an identical day to yesterday. Once again, the market closes above the Point of Control of today and yesterday.



As the market tested the morning low, it showed reluctance to trade up. Traders were hoping for a lower low, possibly with a $TICK divergence. However, the market just could not make it quite that far down.

Charles

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