Not expecting too much today, Asian markets up slightly, European markets mixed, but more or less flat. Support held overnight on the ES and US markets set to open up flat. Price of oil seems stable and no major news to talk about.
I'm neutral to bullish today and expect to see the ES trade as high as 1330.
I like buying the dips today. If ES trades lower than 1309, that would be bearish.
As usual news out of the middle east can always create volatility and anything that will escalate oil prices will likely send the market lower.
Levels to watch today on the ES:
Resistance above at: 1326-1327, 1330-1332
Support Below at: 1316-1317, 1310-1312
Wednesday, March 9, 2011
Subscribe to:
Posts (Atom)
