|ES Support and Resistance for December 19|
By Dennis Coleman DEC 19, 2012 8:05 AM
The E-mini S&P 500 Futures Contract (ES) opened slightly above the previous day's close and between the pivot and R1. It didn't move much for the first hour but then began heading towards R1. R1 was passed quite easily. The ES paused just below R2. After trading just below R2 for roughly an hour, the ES spiked through R2. It didn't get too far above R2 before it halted its rise and spent most of the rest of the day trading in the area around R2. It moved a bit higher into the close and the 15 minutes before settlement.
The range for the day was 18.25 points.
The levels for today are:
R3 = 1473
R2 = 1454.75
R1 = 1448
Pivot = 1436.5
S1 = 1429.75
S2 = 1418.25
S3 = 1400