Monday, August 24, 2009

Quick ES analysis for overnite futures Monday

Here's a quick, brief, high level view of what I see for ES for rest of night. I sometimes give more detailed analysis, but this is what I have for now...maybe update later... been spending time looking at some other charts instead of the ES analysis.

Analysis:

1025 pivot.

Bullish: If ES moves above 1025 and sustains, then possible 1033 retest. 1044 would be next.
Bearish: If ES stays under 1025, then test 1020, 1016, 1008.

After ES churns all night, it would not be surprised to see it end up right back at 1025 after all the ups n downs.

* 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".

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