Wednesday, July 2, 2008

Morning Review - 07/02/08



This is a short sale day. The ES Futures formed a double top formation. The $TICK never exceeded +600 while it kept making lower lows from -600 to -800 to -1000.




As the ES Futures was making a double top, the NYSE Advance - Decline Line was making a lower high, and the $TRIN was making a higher low, both of which is bearish.
Charles

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