Last week, the ES continued to trend sideways with no real move up or down. At the end of the week, support was around 1137 while we were looking for resistance around 1145. As we move into the beginning of the week, we expect the market to break soon. Take a look as well at what occurred in Friday’s trading.
For more updates from Dave, visit the eMiniDayTrader blog at eMiniDayTrader.com
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Futures, options, and spot currency trading have large potential risk and traders should be well-educated before putting real money at risk. You must be aware of the risks and willing to accept them in order to invest in all markets. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. This website is neither a solicitation nor an offer to buy/sell a futures contract or currency.
