E-Mini S&P 500 Futures Review/Analysis
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