Monday, July 19, 2010

ES Futures Morning Review 07/19/10


The market so far is staying in a below average range. Once again, the sellers waited for the market to test the overnight high before jumping into the market. Friday's low did fail as support, but the buyers came back in about 30 minutes before the European close to rebound the market.
Charles

2 comments:

  1. superb analysis from the weekend. today's small trading range and non trending day was quite profitable....

    do you ever monitor crude oil? do the same principals and set up apply?

    thanks againg for your excellent content....

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  2. Thanks Energy and Index Trader.

    The S&P typically will oscillate between above average and below average range.

    I haven't looked at the energy market in over ten years, so I do not have a feel for that market anymore.

    Charles

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