Wednesday, January 12, 2011

Market Gaps Up to New High

Markets strong this morning following strength overseas. Asian markets were up and European markets are currently trading higher. This new high does not come as a surprise, but should provide for a good odds shorting opportunity.

Levels to watch today on the ES:

Resistance above at 1280 and 1285
Support below at: 1277, 1273, 1269, 1265
Posted by Verde at 9:42 AM
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7 comments:

  1. VerdeJanuary 12, 2011 at 9:44 AM

    Long ES at 1277

    ReplyDelete
  2. VerdeJanuary 12, 2011 at 9:51 AM

    Will most likely exit this position if it trades under 1256

    ReplyDelete
  3. VerdeJanuary 12, 2011 at 10:17 AM

    Sell ES at 1279 for 2 points, and in the post above, I meant under 1276 I would exit, not 1256

    ReplyDelete
  4. VerdeJanuary 12, 2011 at 10:29 AM

    Considering a short here in the 1279s

    ReplyDelete
  5. VerdeJanuary 12, 2011 at 10:31 AM

    Short ES at 1279.50

    ReplyDelete
  6. VerdeJanuary 12, 2011 at 10:32 AM

    Looking to hold this trade for gap fill down to 1270ish. Will not defend above 1281

    ReplyDelete
  7. VerdeJanuary 12, 2011 at 11:07 AM

    Cover ES at 1281.25

    ReplyDelete

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