Tuesday, June 22, 2010

Quick Update

Market looking like it should break down. I am looking to get short on any advances in anticipation of a breakdown below the 1100 support on the ES. Target is the mid 1080s... I don't know if the sellers will come in today to bring it below 1100, but I expect this to happen soon...

2 comments:

  1. We got the break of 1100, now we have to see if this holds, there is not yet confirmation of the break below 1100...

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  2. We have found some support between 1093 and 1096. There will be some resistance now at 1100... I will short again somewhere around 1100 if we retest it today. Will not defend that short however. I still expect the mid 1085s to be hit

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