11/26/2012 ES Support and Resistance Levels Recap

It’s tough to get a trade when the market doesn’t move…  The ES spent most of the day in the DTG 98.50 level.  It did try to break down to the DTG 93 level mid-day, but unfortunately did not provide any order flow clues for a long entry.  RG called it correctly on today’s worksheet for the DTG 93 level: “VERY major support structure…  Likely falls short or spills.  Best L(ong trade)”.  The ES did break up after the cash close, too late for considering a trade.  No example trade today.