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e-Mini S&P Levels

The September e-mini S&P (ES) had a nice bounce late in the day yesterday, but was unable to close above the 1286.25 level.  Overnight, it was unable to test 1291.75.  ES is closing in on yesterday’s low of 1274.50 and the trendline that forms the lower end of the bear flag / rising wedge (1268.50).  A close below the trendline should bring the lower pivot of 1248.50 into play.  Support @ 1276.25, 1268.50 (trendline), 1256.75, 1248.50 (pivot), 1235.25 and 1222.  Resistance @ 1286.25, 1291.75 (pivot), 1298, 1307.50, 1321.50, 1332.75 and 1343.25.

Posted on Thursday, August 14, 2008 at 09:04AM by Registered CommenterJay L in | Comments Off

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