Real Time e-mini S&P Trading, plus contrarian commentary on all the markets, all the time
Thursday, June 24, 2010
I expected the ES to rally up close to the 1092 level after establishing the low at 1069.50. Instead the rally stopped at 1081.75, making the rally even shorter than yesterday's (at least so far). That was a sign of weakness. So now I think that the ES is likely to drop to 1060 and establish a higher low there.