|ES Support and Resistance for October 25|
By Dennis Coleman OCT 25, 2012 8:05 AM
The E-mini S&P 500 Futures Contract (ES) opened higher and in the area of R1. It traded there briefly before moving down to the pivot. The ES stayed in the area of the pivot leading up to the announcement by the FOMC. After that, the ES moved lower but turned around before getting to S1. It finished the day just below the pivot.
The range for the day was 13 points.
The levels for today are:
R3 = 1433.25
R2 = 1420.25
R1 = 1412.75
Pivot = 1407.25
S1 = 1399.75
S2 = 1394.25
S3 = 1381.25