|ES Support and Resistance for November 2|
By Dennis Coleman NOV 02, 2012 8:45 AM
The titans were pretty much unchanged overall when compared to last week. Those added in July are up roughly 5% (combined); those added in August are up 8%; the ones added in September are up 2%; those added in October are up 3%.
The E-mini S&P 500 Futures Contract (ES) opened up and between the pivot and R1. It quickly rose to test R1, which yielded. By the end of the first hour, the ES contract was testing R2. As one would expect, the ES then began moving sideways. As the day moved into the close, the ES made one more attempt to climb above R2 succeeding this time and closing close to the high for the day.
The range for the day was 16 points.
The levels for today are:
R3 = 1451
R2 = 1435
R1 = 1429.25
Pivot = 1419
S1 = 1413.25
S2 = 1403
S3 = 1387