Friday, May 21, 2010

May 21 2010 ES Prep Posted


Premise for today is to see if the flash low of 1056.00 holds. If it holds, watch for inside inside resistance at 1080.00. Could see a range 1080 - 1056.00. I would normally expect some congestion but am ready for a wild day today. If 1056.00 does not hold, next level is 1048.75 then not much more support below. I will look to play retest fails and extreme capitulations at zones and try to hold for large volatility today. I will look to take longs off 1056.00 and shorts off 1080.00 and any break with structure of 1056.00.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.