New Delta Zone tested early as bulls hold control

By FulcrumTrader · July 23, 2009 · Filed in Daily Review

After hours into the cash session open had a few trade set-ups as the ES traded into the Delta Zone of price. After the US cash session open there was an extremely strong short covering rush in the order flow as the Delta Zone of price is challenged early. The ES has neutralized all resting short inventory from the recently formed Delta Zone and I am looking for continued strength in the ES with high 960′s to the 970′s ahead. The neutralization of the Delta Zone of resistance has created excellent price reactivity as the bulls hold control.

Video 1

Video 2



[[T_F]]Data Leak Prevention – Data Security Solutions – Information Theft Protection, Detection and Prevention Software Productstracefusion_signature=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[[T_F]]