03/03/10



Reasons to enter shot were: 1) Nasdaq Composite & Russell 2000 futures (NQ w/ ER) were posting lower low as well as energies w/ finincials (XLE & XLF) minute after the trade open; 2) ES did break VWAP causing fresh session $tick lows below -800. Closed on: 1) perception of possible heavy overnight session lows support; 2) too sharp decline that sooner or little bit later had to be over w/ following pullback. Overall, bulls first two week sessions stubbornness waning.

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ES (S&P 500 E-mini futures) trading
by Meques Moscow Finacial