Thursday, July 22, 2010

July 22 2010 ES Prep posted


Overall range 1063.25 - 1085.00. Premise for today is to look for potential inside support at 1073.25 and see if price will remain sideways or make an extension attempt to 1099.00. There is an upward bias with the lower highs in place below and I will look for a test of 1099.00. if price fails at 1085.00 and inside support 1073.25 does not hold, look for test of 1061.25 and likely push to 1055.00. Bias will remain sideways to up as long as 1055.00 holds. If 1055.00 breaks, I will be looking for a significant downward move.

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