Emini And SP Sample Newsletter Showing Support And ResistanceHere is the actually newsletter....
Sent Tuesday 8-26-08 10:15am Update for Emini and SP Sept contract Trader Jack's Info
Hi Peter... Emini has good support at the 1260 to 1262 level and should hold. Breakout to the upside is above 1275. So for today we have a trading range. 1275 Resistance 1261 Support So its a trading range. Several reports at 10:00 AM Eastern tried to move us up, but more consolidation is in order. Remember we have a cycle turning date on Friday...that should be a high. so odds strongly favor a upside breakout from current range. Once thru 1275 look for next resistance area 1295 then if there is time next 1230 or 1236.
Good Trading, Trader Jack EXPERIENCE WINS THE DAY USE OUR 45 YEARS EXPERICENCE TO KNOW THE Next TURNING POINTS In The Market.
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