ES weekly chart. Oversold?

Discussion in 'Index Futures' started by shortskirt, Aug 16, 2007.

  1. una11


    1380 looks like a nice spot...
  2. balda


  3. More capitulation to the downside might be needed. There is nothing wrong with a correction,, but this correction could be the consequence of many many years of greenspans policy of flooding the country with money. if it is we could go into a period of deflation which is much worse than inflation:eek:
    The 1375 (cash) area looks like an area that might provide some support. But however it works out I believe in reacting not predicting, but you can prepare yourself beforehand to react.

    best wishes