Morning Es Trading
Review of Wednesday's Es trading
In Wednesday's trade notes, I laid out how and why I thought Tuesday's premarket rejection of 1408.25/1409.25 (and the eventual drop back beneath 1402.50/1403.50) had provided the bears with a foothold, but they were completely AWOL during Wednesday's day session. The only glimmer of hope I can offer short sellers is that while the Es was clearly accepted back between 1402.50 and 1403.50, the auction lacked that motivated participant needed to drive the contract up toward 1408.25/1409.25. Put simply, while sellers were unable to sustain the prior session's break beneath 1402.50/1403.50, so too were buyers unable to build on the fact that the Es had re-established support above its pivotal resistance area....505 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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