Friday, August 06, 2010


The ES rallied nearly 10 points during the first 30 minutes of today's regular session. This means that 1111.25 was the low of this morning's break - itself a false breakout from this week's 1112-1128 trading range.

The market should hold above 1115 for the rest of the session and close today in the upper part of its day session range.

I am revising my estimated day session high from 1122 to 1125.

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