Wednesday, March 10, 2010

ES_F Intraday Market Thought 10032010

1129 Key number coming hours of trading. Above 1129 nothing new, trend it`s your friend just can expect print next resistance area.

But stay alert bearish divergence last high need confirmation with a close below 1129 ( hourly chart)

If we have confirmation (close hourly > < 1129) target 1123 possible extension to 1110.

Resistance: 1145,1153,1158.50 and 1167

Good luck.