Saturday, November 6, 2010

ES Futures End of Day Charts 10/05/10

Typically of the usual pattern, we got a below average range following a large range day.

As the market traded above R1, I was wondering if you really would get a below average range day. Then the $TICK started to show a bearish divergence as the futures made a new high. The 5-minute closes below R1 began to confirm that we might indeed get a below average range day.

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