#eMini Trading Levels

10:49 am EDT:  While we got a nice ride up to the daily R1′s, the ES has broken through them, along with yesterday’s high, and is on its way to test key market profile long term point of control at 1063.00 (also 50% of the down move, which is significant).  We did not expect this ahead of tomorrow’s Employment Situtation, so we don’t pick tops by fading short.  Agressive longs can enter from 1056.75 to 1058.50 with 1063.00 as a target, then the daily R2′s at 1066.00 to 1066.50.  However, we may not get much of a pullback as shorts are not surprisingly running for a bit of cover.

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