A Very Balanced Monday
- Anup Ved
- Oct 12, 2015
- 1 min read
Today was a lackluster Monday with just half the average volume. But the most important thing to note here is how balanced the market price action was. The /ES futures always stayed in the value area. Looking at the hourly chart, it seems like markets are consolidating here before making another run on the upside. The two values I am keeping an eye on are 2012.50 on the upside and 1998.75 on the downside. 1998.75 was the overnight low on Thursday as well as the Regular Trading Hour (RTH) low on Friday. It will be interesting to see which side the markets breakout.
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