The ES is currently entering my zone of support that I have been talking about for quit awhile, also mentioned in my head and shoulders video http://chart.ly/ggta36p Stating that this would be the first level of support on the initial break lower. See how we bounced at the beginning of my zone @ 1195.25 area, when this happens this typically means that my key reference area is active and it will more than likely be defended. I.E. If we slice through it, its not. Watching for overnight support @ 1188.25 level. Heads on a swivel here with all the volatility, but as for the head and shoulders breakdown this is objective #1 for support. KraTrader
Thursday, August 4, 2011
Entering Zone of 1188.25 Key Reference Area
The ES is currently entering my zone of support that I have been talking about for quit awhile, also mentioned in my head and shoulders video http://chart.ly/ggta36p Stating that this would be the first level of support on the initial break lower. See how we bounced at the beginning of my zone @ 1195.25 area, when this happens this typically means that my key reference area is active and it will more than likely be defended. I.E. If we slice through it, its not. Watching for overnight support @ 1188.25 level. Heads on a swivel here with all the volatility, but as for the head and shoulders breakdown this is objective #1 for support. KraTrader
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