Monday, May 17, 2010

ES Futures Morning Review 05/17/10

Deep down I was probably hoping for the market to trade above 1140. While watching the market trade at 1140.25, it was obvious that there was very little volume at that price. So down the market went. On the 62% correction, we didn't get a divergence signal, but the market refused to trade above that level, which gave the market an opportunity to complete the 3-wave symmetry. We are still below the first hour low.

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