Aug 052010
 

Another quick morning.  The ES opened in a second push down into the the 16.25 / 18 level.  The sellers tried very hard to push the ES lower (over 20K contracts) and couldn’t get lower than 15.50 creating a good long opportunity.

The levels are well defined today and should present some additional opportunities if the market can get above the OH or below the current low at15.50.

 Posted by at 10:14 am