ES continues on the roadmap, without disrupting the integrity of the SPX, at least so far.
If ES continues to range trade around this area, then I might be able to initiate long positions on Monday morning (if SPX opens near support) and then switch to short for intraday trade. If SPX gaps UP near resistance, then MAYBE consider short, but that decision will wait until 9:30AM.
During the day I'll consider some swing trades if merited.
* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".
Monday, August 24, 2009
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