Wednesday, December 9, 2009

December 9 2009 ES Prep Posted


Good morning. Complex prep this morning.

2 comments:

  1. not impressed with your prep today, u're expecting all this upside, mkt tested 1085 here this morning. would have been a hard pill to swallow trading off of those zones, jerry's zones were off by a handle as well.

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  2. Hello. Thanks for your comments. Lets see what happens today. The upside expectation was only if 1093.00 potential inside support held. That was invalidated pre-market. Check out the comments on prep. It is a bit complex today. Bias is down as long as 1097.25 holds. The 1088.75 minor support area washed out and held. Now we are rangebound. I detailed this in comments. I anticipated a tough area and had to do expanded comments. Since 1097.25 and 1088.50 both held we have a sideways contraction. Bias is sideways with neutral up or down bias. I am aware of the major exhaustive top but there is also a range expansion with 1088.50 minor support. I do believe this market will selloff soon. Jerry's zones are going to be wacky on a day like today because he is using Fibs more than actual structure.

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