Tuesday, November 15, 2011

ES Futures Morning Session 11/15/11

In the first half hour, the "Close-the-Gap-Traders" were able to bounce the market off of S1 and close the opening gap. However, the market repeatedly had trouble trading past the Pivot line, which is also near the 10-day moving average on the daily chart. The bears have since controlled the market with the market currently trading below S1.


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