Friday, August 6, 2010

August 6 2010 ES Prep Posted


Price is still contracted between 1129.50 and 1113.50. Premise is to play the range until breakout. Jobs report out this morning might get the price moving. Price has not tested 1129.50 or retested 1113.50. Direction is sideways and contracted. I have illustrated inside structure to look for that could initiate a breakout of this area. Price is overall in a uptrend and extended. Watch for slow action and deep market depth as August trading tempo has kicked in this week.

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