Monday, December 07, 2009

Midday Briefing for December 7th: Slow Range


Note how the 1110 area in the ES contract (above) has served as resistance all day, as well as at the late Friday rally. Prices have remained in a very narrow range; observe how volume has been muted all day. Recognizing the low volume has been key to not getting caught in breakout trades thus far.
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