Tuesday, August 22, 2006

Index Futures Points to Note

For all Ye Futures Folks out There

S & P 500 for ES traders

Looks like it will first correct before it decides to enter into the low resistance region. There is a double top if you consider the last two trading days, beware ! For swing traders, an excellent opportunity to go short with 1304 stop.

Levels to watch :

1303 (Upper Side Resistance)

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