Monday, March 1, 2010

Emini Levels for Tuesday March 2nd

Downside Levels:
1115 is key. If we break the 3 day trendline (right shoulder of H&S patten on the 30 day chart below), then first stop is 1110. Then, 1105.

Upside Levels:

If we break and hold 1115, then 1122 is the 76% retrace of this entire pullback. There is also resistance at 1126.

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Trading since 1996, it NEVER leaves my mind which is a curse and a blessing. I trade stocks, options, and futures.