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E-mini Executors: Bearish

Tuesday, February 23, 2010

Bearish

The markets action has still been bearish to me. Higher volume on breaks and the rallies are very uneventful. I am looking for the market to open up below the 50 day this morning and try to stay below it. If this happens, look for the market to trade down to 109000. If this does not happen, the market should trade up to 102075. This is an important test for the market. Resistance is 102075 and support is 108225.

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