Monday, September 19, 2011

Last Hour Surge Is Disappearing 09/19/11

The market found support at the 10-day moving average, which set up a surge to the upside in the last 40 minutes of trading. However, that gain has since disappeared in after market trading.

The 178 bar average on the 10 minute chart did provide resistance until the last 40 minutes. However, has I stated in the last paragraph, the market is back below that average. Let's see if today's low can provide any support.


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