|ES Support and Resistance for October 23|
By Dennis Coleman OCT 23, 2012 8:05 AM
The E-mini S&P 500 Futures Contract (ES) opened slightly higher and between S1 and the pivot. It had been moving lower as we got closer to the open for the pit session. It continued a slow pull back, heading towards S1. However, it stopped its downward move before reaching S1 and moved sideways. In the final 45 minutes, the ES began to recover, finishing the day up.
The range for the day was 14.25 points.
The levels for today are:
R3 = 1454.5
R2 = 1440.25
R1 = 1435
Pivot = 1426
S1 = 1420.75
S2 = 1411.75
S3 = 1397.5