Archive for April, 2010
April 21st 2010 Emini Support and Resistance levels
The Market should be able to test highs today if the US Dollar keeps pulling back through the cash session…….AAPL blowout numbers had indicies rallying early in the after hour session last night…..EU opened but was unable to press new highs with the US Dollar on a strong run. Ok, now to the levels of held inventory….
ES has the following RESISTANCE levels with resting SHORT inventory for today………..1210.50 to 1207.50 still Delta Zone of resting SHORT inventory with a new level within that range of 1209.50 from last nights After Hours session. Market back to over 30,000 contracts held in upper 3 points of range. Trade today to the 1209.00 level or higher can be tracked for a Multi-day Delta Divergence SHORT.
ES has the following support levels today with resting LONG inventory…………1201.75 and 1201.25 minor levels, regular levels at 1197.00, 1194.00, 1190.25, 1181.00, 1179.75, 1170,00 is key support level with decent accumulated LONG inventory and 1166.25 is next lower key support level.
Also, I will look to sell 6C’s today with any trading above the 1.0065′s level into first sell response after that level hit…sold 1.0055′s last night…pulled out one lower held position already at the 1.0027′s
Strap your helmet on…It’s still dangerous even if you know what’s going on……
