Saturday, May 26, 2012

Emini - Preparing a plan

Short term charts are telling me that we are (again) going lower. That´s my expectation if markets can´t take out last week highs (1329.75 ES_F).
Key level to watch for weakness and to get in: 1319, 1314, 1311.5, 1304/6.
The next natural target is in the range [1250,1265].
See also S&P500 - "Underwater" (cash levels)




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