Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

ES Support and Resistance for August 24

By

Today's levels.

PrintPRINT

The markets have been mostly down since I last mentioned the titans. The titans have pulled back some also, being up only a combined 1% as of the close on Thursday. The companies added in July 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 ones added for August are AEP Industries Inc. (AEPI), American Railcar Industries, Inc. (ARII), Drew Industries Inc. (DW), DXP Enterprises, Inc. (DXPE), Gruma S.A.B. de CV (GMK), GP Strategies Corp. (GPX), The Marcus Corporation (MCS), Multi-Fineline Electronix Inc. (MFLX), Nortek Inc. (NTK), and Grupo Simec S.A.B. de C.V. (SIM).

The E-mini S&P 500 Futures Contract (ES) opened lower than the previous close and between the pivot and S1. The ES had been moving down in the pre-market. Once the ES met S1, it paused its downward move for about 15 minutes before moving lower. It then moved just below S1. After testing S1 from below and having it hold, the ES began moving lower, eventually spiking through S2 before returning to trade on either side of S2. As we moved into the last hour, the ES found S2 to be effective support and headed higher.

The levels for today are:

R3 = 1423.25

R2 = 1412.75

R1 = 1406.25

Pivot = 1402.25

S1 = 1395.75

S2 = 1391.75

S3 = 1381.25

< Previous
  • 1
Next >
No positions in stocks mentioned.
PrintPRINT

Busy? Subscribe to our free newsletter!

Submit
 

WHAT'S POPULAR IN THE VILLE