Thursday, December 17, 2009

ES Futures - Morning Review 12/17/09


The market is currently in the process of testing the morning low again.

The market did dip below the overnight low. However, the NYSE Advance - Decline Line stayed above the -2000 level, and the $TICK started showing a possible short-term momentum change to the upside. This led to a three-wave correction with the second wave lasting about 34 minutes this time.

Charles

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