Today's ES

Discussion in 'Index Futures' started by waggie945, Dec 5, 2003.

  1. Wondering if we will be able to stay above the WEEKLY PIVOT AT: 1062.17

    With 5 more minutes left till the cash close, it's gonna be difficult!

  2. Just that particular pivot may not be that important :)

    The lucky/unlucky thing is that some monthly pivots are also at those levels.

    One interesting thing with the S&P is that it seldom stays above its 10 period daily moving average for more than 8 to 9 days.

    The usual span is 4 to 5 days.

    The distribution is very stable and you can check it out yourself.

    Since ES is above its 10 day SMA for a while already, it must meet its SMA soon - maybe pulling the SMA up, maybe close lower, either case will do the job :)