March 3 2010 ES Prep Posted

I am going to try pasting the comments from my prep on the post for easier reading. They are also still on the prep.

Price is contracted this early AM. Premise for today is to look for test of 1112.00 minor support. If this holds, bias will continue to be for a grind up and potential range 1112.00 - 1122.75. If the 1115.00 Globex lows hold, look for move back up to 1122.75 and extension up to 1126.00. If 1112.00 does not hold, next level of support below is 1099.00. Structure is up but price is stretched and due for a correction. Price is trending up string towards 1147.50. This area has been tough and prone to midday contractions and grinds. I will be looking for premium setups and areas only to trade off of. Premium setups for me in the AM will be a short into 1112.00 if the Globex lows break or longs off 1112.00 if it starts to hold. If the 1115.00 area holds, I will need a good long pattern setup to catch the move to 1122.75.