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ES and s/r


WHAT IS ES and drew in red lines at what looked like signif potential S/R price in chart pl. explain in detail.
Originally posted by sushilbhalotia

WHAT IS ES and drew in red lines at what looked like signif potential S/R price in chart pl. explain in detail.

Is this a quiz? Any extra credit requirements? (joke)

ES is the SP-500 emini futures contract. I'm gonna assume that you were referring to me and my blue background chart that I posted on another thread. As for explaining potential Support and Resistance (S/R) prices or "zones," this shows and explains at least what "I" see and how I arrive at them: (copy/paste link if not "active")
http://www.mypivots.com/Board/Topic/5175/1/support-resistance
Did I get an "A+"?