Es Morning Trade

Review of Thursday's Es Trading

When Thursday's trade notes were published the Es was trading about 4 ticks beneath 1366 resistance, but traders focused primarily on the regular session were left out in the cold. I suggested a fade from near 1366 made a lot of sense, but by the time the regular session's opening bell sounded the Es had already slid back into our 1360.50-1362.25 support zone (also our primary area of interest). The incremental selling that began shortly before 7:30 a.m. and carried through into the regular-session open essentially took the opening fade (from a responsive seller) off the table. That being said, the selling from 1362.25 that commenced shortly after the open was relatively weak and was absorbed within 30 minutes and 5 handles....674 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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