Wednesday, October 20, 2010

ES Futures Overnight Review 10/20/10

The Futures market is above today's Pivot line, and it is above its 10-day moving average. This is dispite concerns over mortgages and the rate increase in China. The Beige Book report at 1400 ET today is expected to show a slowing economy. The market may stay in a below average range this morning. The afternoon market will be watching for the Beige Book report.

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