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e-Mini S&P Levels

The September e-mini S&P (ES) did get above 1255.25 yesterday, but never managed to reach the anticipated 1268.75 level, finding resistance at the intermediate 1261 level. Overnight’s decline found support @ 1241.25 and ES is back above 1255.25. If ES were to get to 1268.75 today, getting much higher than 1276.25 seems unlikely. Dips holding 1248.50 would keep the 1268.75 and 1276.25 targets intact. If yesterday’s high of 1263 was the top, things point to 1190. Support @ 1255.25, 1248.50 (new), 1241.25, 1237, 1229, 1218.75, 1204, 1190 and 1180. Resistance @ 1261, 1268.75, 1276.25, 1286.25, 1291.75 (pivot) and 1298.

Posted on Friday, July 18, 2008 at 09:02AM by Registered CommenterJay L in | Comments Off

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