Tuesday, January 19, 2010

ES Futures - Morning Review 01/19/10



I wish that I could say that I knew that the market was going to go straight up, but I would be lying. The market opened just below Friday's Point of Control, but once above it, it just kept going up.



The pre-open pivot highs acted as support once the market traded above them. Lately, the market has been selling off before a holiday, and then buying everything back once the holiday is over.
Charles

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