Monday, February 1, 2010

ES Futures - Morning Review 02/01/10



This morning's narrow ranged market is staying close to Friday's Point of Control.



The VIX has remained bullish most of the morning.



The 0930 ET has been holding as support. We did get a bearish $TICK divergence just after 1030 ET, which led to a small 3-wave correction back to the open price. But the $TICK returned to bullishness soon thereafter.

Charles

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