WeTheTrader is a resource for traders to share ideas about investing and trading the markets with Focus on the (ES) E-Mini S&P 500 Futures.
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...
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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We got the break of 1100, now we have to see if this holds, there is not yet confirmation of the break below 1100...
ReplyDeleteWe 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
ReplyDelete