Pre-cash update

Tuesday 09NOV2010 1249GMT

Still nearly 2 hours before the cash open. The ES has come back strongly from the 1215-ish lows in the overnight, up around 1223.50 now, BUT there are offers around. That is, this rally from 1215 is filling in a lot of resting sell orders. I wouldn’t be too keen on looking for much more out of this nice little rally.

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