Monday, October 18, 2010

ES Futures Morning Review 10/18/10

The Futures tested its 10-day moving average again during the pre-open or overnight session. This average is still holding as support.

There wasn't much of an open gap with the Pivot, but we did have a nice gap with Friday's close. The market was able to close that gap. Currently, the market is finding resistance just below Friday's high (1179). So far, it is staying above the Pivot.

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