It was an active GLOBEX session last night as the ES made a slightly higher high piercing above the previous double-top of 1388.50 and then selling off all the way back down to the bottom of the overnight range. The sell-off came on the heels of some rumors that there could be a downgrade of French sovereign debt. Markets have now sold off some more following worse than expected jobless claims in the US.
Sentiment is negative this morning and my bias is the same, so I prefer selling up-ticks today.
Levels to watch today on the ES:
Resistance above at: 1384-1385, 1389-1390
Support below at: 1375-1376, 1371-1372, 1365-1366, 1360-1361
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