Thursday, July 29, 2010

July 29 2010 ES Prep Posted


Premise for today is for sideways market 1116.50 - 1099.50 until breakout. I have illustrated potential inside structure at the top for a breakout. If 1099.50 starts to extend, action will be tough and prone to extension retests. The area likely will not hold or break cleanly. I will sell any extension retest and buy any pull back after a move back inside 1099.50 if price test the area.

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