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ES Short Term Trading 12-03-2010

This nose dive has stopped so far between that 1215 HVN and 1217 LVN.

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That was a quick VWAP rejection on 1 min chart.
Market is caught inside yesterday's value area (green box). Below average ranges on each rotation so far, looks like a sleeper. Narrow IB (blue vertical line on chart), so a break of that might wake a few folks up. Singles at 13.50 still need to be filled in.

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Morning Developing Value Area