ER2 Levels


I will try to post some levels that you may or may not find useful. The way to use these is to keep the prior day and the current day on your chart. I will try and post the current day before the first half hour of the market ends since the opening of the market is necessary for the generation of current levels. For Friday the levels are.
White=744
blue= 746.4/741.6
cyan= 738.6/749.4
violet 754.2/733.8
yellow= 759/729
cyan= 763.8/ 719
red= 769/715
The colors I use for the current day, and for the prior day I gray (dash) them out but they both carry the same weight.
Use them as you would any S/R points, however once breached, the market tends to trade to the next level and if rebuffed tends to trade to the prior level, but use your OWN observational skills.
Bruce, can you post a chart to give us a visual of what you're looking at with these lines? Thanks!
Well I've generated a jpg off the chart but I don't see how to attach it to the reply
Maybe this

Click image for original size
here is Friday's ER2 with Friday's levle in color and Thursday's in gray hash
Looking forward to seeing Monday's levels in action...
Today's ER2 Levels:
Blue= 741.2/735.8
white=738.5
Cyan 744.54/732.43
violet= 727.06/749.94
jpg ER2 levels

Click image for original size
No Description Entered
Close 5.19.08

Click image for original size
No Description Entered
looks good Bruce! Can you generate some for todays S&P ? Thanks
ER2 levels 5.20.08

Blue= 736.80/732.20
white=734.50
Cyan 739.64/729.33
violet= 744.24/724.76


Click image for original size
No Description Entered
Steves: That usually happens when you're not logged in. Try and log in to the forum and then view the previous pages again and let me know if that resolves the problem?