Friday, December 4, 2009

ES Futures - Morning Review 12/04/09



The NYSE $TICK moving average on the 15-minute chart didn't confirm the new high in the futures.



Going into the European close, the market is trying to find support near that 1105 area.



Again, the market fades from a new high. The previous Point of Controls did hold as support for most of the morning, but has recently failed. It is now resistance.

Charles

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