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e-Mini S&P Levels

The September e-mini S&P (ES) is setting up for range expansion as is gets close to breaking one of the trendlines that form the current triangle formation.  However, this is not a textbook formation, so an expectation for direction is difficult to determine.  The trendline levels are the 1291.75 pivot and the 1256.75 level.  See the chart below (Source: TradeStation).  Support @ 1256.75, 1248.50 (pivot), 1235.25, 1222, 1209.75 and 1204.  Resistance @ 1270, 1276.25, 1286.25, 1291.75 (pivot), 1298, 1307.50 and 1321.50.

Posted on Friday, August 8, 2008 at 08:53AM by Registered CommenterJay L in | Comments Off

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