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Monday, August 18, 2008

Aug 18 2008 Emini S&P 500 futures ES hourly


Still have three open gaps. Supporting green lines, showing a little strength, we could see it bounce up take out the target and then make a run for new lows.
The 200 ema could add a bit of support to price.
Watch out for low volume pushes that move rapidly. Not many big players putting on positoins. Nothing over a thousand today.
Little bit of news tomorrow. No big suprises except for a banking news.

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