Monday, September 13, 2010

ES Futures Monday Review 09/13/10

The profit takers took a while to gain control in the morning session. The market finally came down to a support level (R2) as the European markets started to end their day of trading. The R2 level held as support preventing the market to close its open gap. R3 held as resistance. The cash market is now above its 200, 100 and 50-day moving averages.

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