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Es short term trading 9-28-10


Market will try to decide today if yesterdays low range was nothing more than a consolidation and acceptance of prices before the move higher.

Key zone is 40 - 41.50 to resolve. On downside is 32-33 as that is current O/N low and the open prices from Fridays trade.

Further upside is 47.75 - 50 as we had volume in Sunday O/N session , a key Rat and an O/N high sunday night.

Let see where we open in relation to YD RTH trade
hoping they don't go for a 40 retest before trip run and micro gap fill