23 Nov
#eMini Trading Levels & Leaders
Posted in Intraday Analysis by Bob English at 11:21:22 Comments are off10:21 am EDT: The ES has not looked back much since the open as it easily breezed through the 1107.00 to 1107.50 potential reversal area (weekly R1 and long term point of control), and is now testing contract highs toward the 1112.25 area. There is no major resistance above there until 1124.00 to 1126.25 (weekly R2 and 50% retracement of entire bear leg). A reversal to the downside from here (making a double top on the daily) is unlikely, but to protect, we would not look for longs below previous support at 1104.25.
The leaders continue to confirm the equities bullishness, including now T-Bonds, which fell from resistance and are now tracking T-Notes.



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