Saturday, September 4, 2010

ES Futures Friday Review 09/04/10

The cash market is testing its 100 day moving average again.

The overnight or pre-open high acted as resistance, which allowed the market to attempt to close the open gap. It couldn't close the gap, but it did go a little more than half way. In the afternoon, the 0930 ET open held as support, allowing the market a strong close.

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