Tuesday, October 19, 2010

ES Futures Morning Review 10/19/10

We have JPM above its yesterday high, and IBM below its yesterday low. After 1000 ET, the Futures traded up past its S2 resistance to the S1 resistance as JPM and IBM trended higher together. As I'm writing this, the Futures has gone past S1 as IBM is trending up again. So far, the market has been able to stay above its 10-day moving average for most of the morning.

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