27 May
Post-open eMini S&P 500 Morning Update
Posted in Intraday Analysis by Bob English at 10:05:38 Comments are offA mildly bullish Existing Home Sales report at 10:00 am has lead to a retest of the overnight highs, but is now retreating after a failure to break through. Should we see the 905-906 support area taken out, we will likely head to the 898-899 pivot area. Volume relative to the last 10 sessions has been slightly above average. NYSE adv:decl ratio dipped below its trendline support briefly before heading back above. A breach has been a fairly reliable indicator that the day’s high is in.



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