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Market momentum slowing down... No trade today...

5 min Emini Nasdaq 100

Hi,

How is it going today? After surging for the past week, we have reached the resistance zone... Price is near previous highs and obviously momentum is slowing down...

You can see that candlesticks have shorter bodies and that they are enclosed in narrow Bollinger Bands... Short-term MACD and stochastics zig zag up and down.. there are no real signals ... No trade today..

Posted by Michael Taylor on November 10, 2009 5:30 PM |

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