Friday, October 28, 2011

ES Futures Morning Session 10/28/11

The Pivot line and the Globex Low line was where traders made their decisions this morning. The Globex low held as support, while the Pivot first held resistance, then support and back to resistance. This is typical of a narrow range day, which normally follows a wide range day like yesterday.

Both the S&P 500 Advance - Decline line and the TRIN turned slightly more bullish as the morning progressed.


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