Tuesday, February 7, 2012

Price Levels to Watch 2/7/2012 on ES

Some up and down action overnight. Its amazing that the same old story out of Greece continues to have the ability to influence the market. Nothing new there, Greek leaders continue to agree to disagree on austerity measures. News that there was a plan that would be signed today popped markets higher briefly in pre-market.

Should be interesting to hear what Bernanke has to say as he testifies in front of the Senate Budget Committee today at 10:00am EST. Topics of interest; the decision to keep rates low through at least 2014 and the improved employment numbers released last Friday.

Levels to watch today on ES:
Resistance above at: 1342-1343, 1346-1347
Support below at 1330-1331, 1323-1324

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