ES (emini SP 500) Daily Technicals & Stats

Discussion in 'Trading' started by increasenow, Jul 2, 2008.

  1. As of July 2, 2008...11:19pm New York time:


    1 pt=$50

    Example: 3 pt move=$150

    1250 is the key number on the downside...we are at a triple bottom...any breach of this would mean further downside...serious downfall...

    1280 is the key number on the upside...we must see a close over 1280 to see the triple bottom be a 'bullish' triple bottom
  2. average daily volume: 2.5 million contracts traded
    average true range: 21.67 points
    historic volatility: 16.67%

    The ES is under the 5-200 day moving averages...this is a serious bearish indicator...but...could be the bottom...

    the 9 day RSI and MACD suggest the ES is bearish...yet...could mean oversold and a turn around (bottom) is near...