ES Support and Resistance for October 17

By Dennis Coleman  OCT 17, 2012 8:05 AM

Today's levels.


The E-mini S&P 500 Futures Contract (ES) opened higher and just above R1. Within the first hour, the ES had moved up to R2. As would be expected, the ES halted its rise before reaching R3 and began a retreat. The ES spent the entire day wandering just above R2 without approaching R3.

The levels for today are:

R3 = 1468.75

R2 = 1458

R1 = 1453.5

Pivot = 1447.25

S1 = 1442.75

S2 = 1436.5

S3 = 1425.75

No positions in stocks mentioned.