Monday, April 19, 2010

ES Futures Morning Review 04/19/10

When the market rather easily closed the opening gap, I thought perhaps the market would fail to test the recent lows. However, after 1030 ET, the market once again started to show weakness. On a trend change, the first correction is the high probablility entry. At 1045 ET, the $TICK corrected to +600 for a good short entry in anticipation that the market would give at least a 3-wave correction to the downside.

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