Pre-open eMini S&P 500 Morning Report

The ES is looking like it wants to put in a top on the daily chart and needs to close over 1027.50 to continue this rally.  See below for where we are intraday bullish and bearish.  30 Year T-Bond futures have advanced strongly while equities have largely gone sideways over the past two days.  A good 5 Year auction today or 7 Year auction tomorrow could push the 30 Year through resistance and help put in an interim top in equities.

 

esu09 8-26-09 s-r

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Disclaimer: The information presented on this site is for educational purposes only. No personal trade recommendations are being made hereby. Trading futures is highly risky and you can lose a substantial amount of money. Past performance is not necessarily indicative of future results.

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