Morning Es Trading

Thursday's Market Review

The Es opened Thursday's regular session roughly in line with where it went out on Wednesday, but as one would expect given the tape's currently weak tone, the early-morning optimism was immediately sold as the contract probed 1357/1357.50 (our primary area of interest for the session). I know I'm repeating myself by saying this, but until we have definitive evidence that a (yet to be determined) price has been reached where supply is being cut off, intraday participants must not give buyers the benefit of the doubt. Scalp to the long side all you want, but don't mistakenly assume a few upticks are indicative of a self-sustaining uptrend....796 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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