18 Dec
#eMini Trading Levels
Posted in Intraday Analysis by Bob English at 11:23:09 Comments are off10:24 am EDT: Quiet day so far with a 4 point range defined by the day-session-only pivot of 1094.75 (actual low of 1095.00) and day-session-only R1 at 1099.00, which is the actual day session high. Accordingly, we’ll stick with the expected range of 1090.00 to 1103.50 as they contain day-session-only S1 and day-session-only R2, respectively. We have a slight bullish bias and are inclined to believe a test of the upper range, which includes the overnight high will be made. Watch out for a possible bear trap on a break down of the current 1095.00 low as there is strong support under it down to 1093.75. If 1093.75 is not supported, we lose the slight bullish bias and a test of the ~1090 area is likely.



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