| Morning Briefing for October 20th: Trying to Sustain Highs |
| Foreign - Technical |
| Utorok, 20 Október 2009 12:09 |
 Above we see a multiday view of the ES futures. Note how we took out the October 15/16 highs on Monday, fell back, but now are trading above those. That frames the big issue for this morning's trade: will we see a continuation of the upmove into the 1100 area, or will we fall back into the multiday trading range? Thus far, investors have been responding positively to favorable earnings news--itself a useful sentiment gauge. |
