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e-Mini S&P Levels

We missed a lot of action in the September e-mini S&P (ES) yesterday, as it got within 1.5 points of the 1307.50 level, then slid towards the lower trendline of the rising wedge we’re watching. This morning, ES moved below the line (1277.75) and a close below would signal an end to the month long uptrend. Support @ 1257.25 (new), 1248.50 (pivot), 1235.25, 1227.25 (new) and 1222. Resistance @ 1271.50 (new), 1277.75 (trendline), 1286.25, 1291.75 (pivot), 1298, 1307.50 and 1321.50.

Posted on Tuesday, August 19, 2008 at 08:57AM by Registered CommenterJay L in | Comments Off

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