Friday, April 23, 2010

ES Futures Premarket Review 04/23/10

The market is currently fading the overnight and yesterday's high price of 1207. But the market is still above yesterday's close of 1202.25. The overnight low of 1197.50 is also the 10-period EMA on the daily chart which has been acting as support. Today's market should be less politically oriented. We do have New Home Sales at 1000 ET, which may move the market.

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