Thursday, March 29, 2012

ES Futures Morning Session 03/29/12

The Advance - Decline Line is still trending lower, indicating continued selling in the second to last trading day of March. This has helped keep the ES Futures below S1 and yesterday's low for most of the morning.

The last trading day of March is also usually weak. We may see some bargain hunting in anticipation of a more bullish start in April. The first week of April is typically more bullish than the last week of March.


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