ES Support and Resistance for November 20

By Dennis Coleman  NOV 20, 2012 8:06 AM

Today's levels.

 


This will be the last posting for this week. I do not anticipate that much will happen the remainder of the week and do not intend to day-trade over the Thanksgiving break. I wish all those in the US a happy Thanksgiving.

The E-mini S&P 500 Futures Contract (ES) opened almost 1% higher and just below R2. I made a comment to a friend that I didn't know if this would be a slow day. I didn't anticipate the market rising too much past R2 nor retreating since it was up so much at the open.

The range for the day was 13.25 points.

The levels for today are:

R3 = 1406

R2 = 1392.75

R1 = 1387.75

Pivot = 1379.5

S1 = 1374.5

S2 = 1366.25

S3 = 1353

No positions in stocks mentioned.