e-Mini S&P Levels
The September e-mini S&P (ES) had a strong day yesterday, moving past 2 of our resistance levels and it is currently approaching the 1270 level. To reiterate yesterday’s point: “we look for a move below 1200 – 1159.50 looks like the eventual target. Only a bounce back above 1276 would negate the downside scenario”. If you draw a trendline connecting the highs from 6/6 (1414) and 7/23 (1291.25), the line sits around 1273 today. Support @ 1256.75, 1248.50 (pivot), 1235.25, 1222, 1209.75, 1204 and 1190. Resistance @ 1270, 1276.25, 1286.25, 1291.75 (pivot), 1298, 1307.50 and 1321.50.


