Registered: Feb 2009
05-06-09 04:28 PM
Yep, here's my chart
Traders can notice how price tested the overnight high (912) and R2 (911.75) in close proximty. Lot of confluence and plenty of reasons to look for shorts in this area.
and for those who like a little background, if you looked at the intraday volume (ES contract) and OI (open interest) on the exchange site (read the daily bulletin) you would see that both volume and OI had dried up yesterday (Tuesday). This usually means that smart money is getting ready to position themselves short (either to start a counter move or to take profits).
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