Monday, March 09, 2009

Day's low in place

Here is a five minute chart of today's e-mini day session. I think that we have seen the day's low. There has been persistent buying since the open and volume has been increasing on the way up. This is the first time in quite a while that there has been late buying and then early buying the very next day and I think this means today will be a bullish day.

I estimate that the high of today's range will be close to 705.

1 comment:

Anonymous said...

They are not able to sell because of all the M&A---will go lower later in the day...fade towards the close