Pre-open eMini S&P 500 Morning Report

The Precise Take – Approaching critical support into FOMC Meeting

Of the two scenarios we outlined yesterday with a bearish bias, the bearish one is indeed unfolding.  To reiterate, we are expecting critical support for the ES at 875 to 880 to be tested prior to the FOMC announcement at 2:15 pm tomorrow, and possibly violated, at least momentarily, to shake out weak longs, after which time, we could see a…

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  1. eMini S&P 500 Update w/ Trading Levels » The Precision Report

    on June 23 2009 at 11:18:36

    [...] Lost your password? Tag CloudAdd new tag bank bonds chart commodities consolidation countertrend eMini S&P 500 entry levels FOMC gold inflation large cap vs. small cap leading indicators M2 Money Supply market internals market profile morning report moving average NYSE advance:decline overnight S&P pit sector analysis Sunday Update support/resistance Tarp taxes Tick US Dollar US Treasuries VIX VWAP « Pre-open eMini S&P 500 Morning Report [...]

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