Tuesday, October 12, 2010

ES Futures Morning Review 10/12/10

The Futures market is remaining above its 10-day moving average.

A down gap following an up day has a slightly lower probability of closing the gap with the Pivot. However, the market has managed to come within a tick of closing that gap this morning. Buyers again stepped in at the 10-day moving average to raise the market back to its Pivot.

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