ES Futures Morning Review 03/29/10

The market is finding resistance at Friday's day session high. It couldn't quite close the gap in the morning session, but tried.

Some additional statistics for a day like today, based on two-years of data.

• On average, the market closes 7.5 points or handles above the previous day's close.
• If you remove the closes below the previous day's close, which is about 30% of the closes, the market closes 15.25 handles above the previous day's close.
• The high of the day is about 13.5 handles above the previous day's pivot number, which is 1163.25 today.
• The market will close above the open about 50% of the time.

Charles