The ES fights back from MSFT earnings news and closes at highs.

By FulcrumTrader · July 24, 2009 · Filed in Daily Review

My Delta Divergence SHORT trade set-up from Thursday prior to the close has worked out well. The MSFT earnings news into the after hour session brought in additional selling for the ES and extended the gains of my SHORT trade set-up. As the market transitioned from the after hours session into Friday’s day session US market open, the bulls appeared to be positioned well for another run. With a strong positive Delta Divergence in place as the ES traded at the lows for the day, we had exceptionally strong buying conviction grab a hold of the order flow bias all the way into the days close. The ES finished a great trading day on very significant positive order flow while making new multi-week highs, my hats off to the bulls on that run! :-)

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