Real Time e-mini S&P Trading, plus contrarian commentary on all the markets, all the time
Tuesday, August 24, 2010
So far the ES as traded as low a 1044. The July 20 low at 1051 is now acting as resistance. Strength above there would be very bullish but I have not seen it yet. Until I do I have to believe that the market is headed a little lower into the 1036-1041 zone where it will encounter a second cluster of lows which formed earlier in 2010.