Even with strength in the markets to conclude last week's trading action, the upper 1360s resistance on the ES has continued to hold.
Markets under some pressure this morning. The negative sentiment is likely in response to G-20 finance ministers who refused to increase cash available to the International Monetary Fund without additional financial safeguards in Europe. European markets are down across the board this morning.
Levels to watch today on the ES:
Resistance above at: 1361-1362, 1364.50-1365.50, 1371-1372
Support below at: 1353-1354, 1348.50-1349.50, 1345-1346
Monday, February 27, 2012
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