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Wednesday, May 11, 2011

ES Update

Today's selloff was strong but on mediocre volume so if we can maintain above the level of 1331.75 its a good chance the we can start lifting in the globex session. If we break below then we'd be a little suspicious of the action! The thing that has me a little suspicious is the fact that we did a perfect 1:1 Fib ratio at today's high which is typically corrective in nature.
Mark

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