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ES Support and Resistance for July 13


Today's levels.


We're at the end of week two with beginning to track the titans again. It has been a brutal two weeks as the markets have pulled back. The companies I've been tracking are Arctic Cat Inc. (ACAT), Carmike Cinemas Inc. (CKEC), Town Sports International Holdings Inc. (CLUB), Conns Inc. (CONN), DXP Enterprises, Inc. (DXPE), Fifth & Pacific Companies, Inc. (FNP), Myers Industries Inc. (MYE), and Susser Holdings Corporation (SUSS).

The E-mini S&P 500 Futures Contract ("ES") opened between S1 and S2 and is moving lower. It spiked down to S2 and began trading in that area. After about an hour, the ES began to recover, moving slowly up to test S1 as an area of resistance. It broke through and headed toward the pivot. The pivot acted as good resistance on the first approach, sending the ES back to test S1. S1 held.

The levels for today are:

R3 = 1358.5

R2 = 1343.25

R1 = 1336.25

Pivot = 1328

S1 = 1321

S2 = 1312.75

S3 = 1297.5

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