Monday, December 14, 2009

ES Futures - Morning Review 12/14/09



The one lagging sector is Technology. However, the overall market is staying above Friday's day session high of 1104. It was at this point that the bulls started to trickle back into the market following the 0930 ET open. We also were given two nice three-wave patterns on the 1-minute chart to trade. This brings up the point that $TICK divergences that occur after the completion of a three-wave correction tend to be more reliable signals.

Charles

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