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Intraday Tuesday 10th May

Posted on May 10, 2011 Written by Chart Prophet

If ES session Close is above 1352 I will very likely mark Buying on today’s Profile and that will be above the 1/2R Resistance at 1349.50, see previous comments below.
 
from pre-open comment Tuesday 3rd May
>>In the longer timeframe as long as ES holds above 1327 it is in a strong price location.<<
 
from pre-open comment Wednesday 4th May
>>With the LT analysis looking positive I will assume this early-in-the-week weakness is normal corrective activity unless ES fails to hold above 1327 but I do need to see Significant Buying marked (green) before considering new long Trades.<<
 
from pre-open comment Monday 9th May
>>The major poc Support at 1327 was tested very briefly on Thursday and the minor 1/2R tested briefly on Friday.  Effective Selling below 1327 or Effective Buying above 1349.50 will indicate further weakness/strength.<<

Filed Under: emini SP500 (ES)

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