Thursday, January 26, 2012

Last hour S&P500 Future Update

5 min ES
the low today 1311.50-1312.50 coincides with Monday's closing resistance and right shoulder of H&S which took the ES down into cash open for tuesday which was the 1301.25 test.

very slow slide today.. lots of panic for only a -.6% day.. but remember we did gap up nearly .5% .. we are down 18 handles now from highs.