#eMini Trading Levels & Leaders Update

11:15 am EDT:  We did not have the 1101.00 level pegged as resistance, but the ES died their early, above our sell zone, without being able to reach the daily R1s at 1102.50.  The strong US Dollar is likely weighing on equities for the moment.  With 30 Yr T-Bonds so close to a potential breakout, the 1:00 pm auction could be a market mover.  Any shorts should look to protect profits as the ES has traded down to the first potential reversal zone bounded by yesterday’s low in confluence with the daily S1′s from 1090.50 to 1091.25.  Next short target is the daily S2′s at 1085.00.

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