Monday, January 4, 2010

ES Futures - Morning Session Review 01/04/10



At the 0930 ET open, the market bounced off Thursday's Point of Control.



On a day like today, the only analysis is - don't try to short this market.

The general rule is when the market is above the yearly open, it is in bullish mode. The same is true for monthly opens. We got a break to the upside on the second 5 minute interval of the morning. Didn't get much of a 1000 ET correction, then got another break to the upside at 1030 ET. Let's see if we get a last hour or last half-hour trading opportunity.

Charles

No comments:

Post a Comment