#eMini Trading Levels

10:37 am EDT:  Despite the strong gap down and negative breadth, the day session is relatively quiet with no extreme NYSE Tick readings.  Barring a surprise news event, we don’t expect a trend day down.  1092.50 to 1093.75 should still provide enough resistance to get a day trade short out of it.  We would peg the max low at at 1082.75 and the max high as 1096.25 to 1097.  A close above 1097 keeps the bulls alive for another day and points to a possible bear trap this morning.  A close below 1090 still presages a test of the 1060 to 1070 area.

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