Good Morning.
The trend continues to move downward and volume continues to build lower (including a rise in open interest of 35,000 contracts) all signaling the trend will continue. Trade with a short bias. Sell rallies against resistance.
ES ZB
r4 1301.75 116.21
r3 1296.00 116.17
r2 1291.75 116.11
r1 1286.50 116.05
PP 1280.25 115.27
s1 1277.75 115.16
s2 1270.75 115.10
s3 1264.25 115.00
s4 1260.75 114.26
today's reports:
NAPM-Chicago 9:45 ET
Tomorrow's Reports:
ICSC-UBS Store Sales 7:45 ET
Redbook 8:55 ET
Construction Spending 10:00 ET
ISM Mfg Index 10:00 ET
What is Inside Edge?
A comprehensive trader’s education forum focused on e-Mini S&Ps and U.S. Treasury Bond Futures. TradeMaven’s Inside Edge features the necessary analytics and execution information in one place to speed up your decision process, keep you on the right side of the market, and eliminate so much of the noise that surrounds trading today. This unique forum is the brainchild of Charles Cochran – a trading pro who has spent the last 15 years fine-tuning a proven methodology that eliminates extraneous information and concentrates on the market activity that matters: the market activity that foretells the market's next move.
