Monday, May 10, 2010

ES Futures End of Day Review 05/10/10

Remember the 1150 support/resistance price on the cash index chart last week. Today the cash market kept testing that price level, and found support each time. After the Bond Market close, we got a correction, but the market was unable to make it a 3-wave correction. Instead, we got a 3-wave move to the upside, which led to a strong finish.

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