As of July 2, 2008...11:19pm New York time: ES 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
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...
big news tomorrow that will impact the ES: http://www.nasdaq.com/asp/econodayframe.asp?page=http://www.nasdaq.com/econoday/index.html
great read on the ES stats..etc. http://www.americanbulls.com/StockPage.asp?CompanyTicker=SP500&MarketTicker=NYSE&Typ=I
click here for simply the BEST ES daily picot, support, resistance numbers etc... http://www.mypivots.com/dn/?symbol=84