#eMini Trading Levels

12:55 pm EDT:  Technical problems have just been fixed. 

Recap: equities drop on weak Consumer Sentiment, but US Dollar tanks on the same news, which lifts equities.  It is by this logic that we find the ES at 1100 after eight short months.  So far, a nice range day with sellers largely absent as evidenced by market internals.  We would look to buy a pullback to the 1090 to 1092 area as longs will want to keep the party going and close over the daily pivot.  Given the strong internals, it’s possible the ES simply drifts higher into the close.  We would be surprised to see a material downside reversal, but will be on the lookout for a shift in internals as it is Friday afternoon.

esz09 11-13-09 s-r a

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