Monday, August 2, 2010

August 2 2010 ES Prep Posted


Price continues to trend up. Look for potential inside support at 1103.25 and sideways action 1103.25 - 1116.50. If 1116.50 does not hold, look for continued grind up to 1129.50. If there is no inside support at 1103.25, look for test of 1085.00 and wide range. I will look to stay on the long side as much as possible as shorts will continue to get squeezed.

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