Monday, May 17, 2010

Looking Ahead to Tuesday's Open

There was some bullish up-trending action in the second half of trading today but the 1140 resistance is close overhead on the ES. We are still in consolidation mode until we confirm a break above the 1140 resistance. Gap Fill at 1107.50 was not officially met, so that leaves a potential move back down to that level a possibility for tomorrow.

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