Wednesday, November 10, 2010

ES Futures Charts For 11/09/10

We were due for a correction back to the 10-day moving average, and a range expansion.

It took a while to run out of bulls, but the market finally made a new low for the day at noon. Followed by a test of the morning low which was also the Pivot of the day.
Note that Jobless Claims will be reported on Wednesday, since the US government has a holiday on Thursday. However, both stocks and futures markets will be open on Thursday, but without bond markets.

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