Tuesday, October 18, 2011

Floor Trader Pivots On ES Futures Globex Chart 10/18/11

I've placed the Floor Trader Pivots, calculated using the 0900 to 1600 ET time frame, on the ES Futures Globex Chart. Yesterday, the market stalled at R2 and proceeded to lose each support level throughout the day. Last night, S1 is providing support.

On the ES daily chart, the market is still staying above its 10-day moving average.


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