ES 6/15/2011

Areas that I'm watching for this morning with a bearish bias.

1286.25-1288.25 big confluence area

1277.50-1279.00 ditto

1272.25-1273.50 ditto

1268.50 NPOC

Good luck to all!

Palmer,

Nice call on 1258. What did you see 58 to support the call, if I may ask?

Ross...don't want to speak for someone else but I also have been watching the S2 number on Daily Notes at 1557.17..it hit it to the tick,,

I mean 1257.57..sorry for the fat fingers..

i have the 53-54 area below as an ok scalp area for those brave enough...will sell 67-67.5 if they get it up there (doubt it)

highest 1m volume bar down at the lows so i think it is begging for a retest i think

$SPX (cash) 200 MA stands now at 1256.82 (it is close).
$INDU = 11,716.
$COMPQ=2636 (just hit)

Those who have live chart of those indexes may wish to watch.

Forgot the chart

No fear here so far for the shorts. No apology needed Lisa P. Sorry I couldn't elaborate more for you at the time. Need to keep a higher low shorter timeframes. 1263.25 and 1257.75 range markers and lower high needs to break for higher here. Not forgetting 1261.50 is the S/R level that held last we met here(it did piecre).