Tuesday, January 12, 2010

ES Futures - Morning Review 011210



There is no consensus between the Advance - Decline Line and the VIX. The AD Line is trying to trend in bull territory while the VIX is trending in bear territory.




The market is building a volume ledge between 1135 and 1138. However, there isn't enough volume to trade the market past the 1137.75 resistance. So far, 1135.50 is support.
Charles

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