As mentioned in last night's post, my bias was bullish above 1127, and ES double-bottomed at the overnight Low of 1127.25. From there, ES made rotational moves up into the Initial Resistance Zone and had a lot of trouble getting through that area. After pulling back several times off the Initial Resistance Zone, ES finally made it to the Range Extension area, and pulled back again. I traded both Long and Short, at or near the Key Levels. I also made sure I was buying on pullbacks since I was cautious on the Long side.
ES 5-Minute Chart for 01/06/10 Includes Overnight Globex
No comments:
Post a Comment
At the minimum, please provide your name or Twitter handle when posting comments. Do not post as Anonymous. Comments that contain links to commercial websites will be marked as spam.