Tuesday, June 1, 2010

June 1 2010 ES Prep Posted


Tough read this morning. Premise is to watch for potential contraction this AM. While price could contract there is still wide volatility. Overall range is 1106.25 - 1069.50. Minor support of 1069.50 is overnight support. It is not a significant zone but if price retests and holds it could lead to a strong move up to 1106.25. if 1069.50 does not hold, look for test of 1056.00 and likely continuation down from there. Price action could be tricky today. I have illustrated my execution areas.

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