24 Sep

Pre-open eMini S&P 500 Morning Report

Posted in Pre-open Analysis by Bob English at 8:49:19 1 Comment

The Precise Take – Longs looking to reverse FOMC day weakness

Leaders Analysis: Whatever strength was gained in the US Dollar following the FOMC Announcement has been lost overnight, with most of the leaders consolidating on the daily charts.    

Trading Today: The bullish FOMC bias was short lived yesterday, with the run-up following the Announcement dying quickly in the first 30 minutes after a nominal new high in the ES at 1075.75.  Overnight, the weekly pivot has provided support (low 1052.25) and a close below will change our medium term (into next week) bullish posture.  The key test of strength today will be for…

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1 Response to “Pre-open eMini S&P 500 Morning Report”

  1. Tweets that mention Pre-open eMini S&P 500 Morning Report | The Precision Report -- Topsy.com

    on September 24 2009 at 15:12:06

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