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2011.03.28 ES Daily Levels

28. March 2011

ES Daily - If this afternoon's fall was a heads up to any kind of larger pullback coming our way, then it's best to be prepared.  Here are some near-term levels to watch (Blue arrows indicate how the fib levels "fit" within the price action.  The red arrows indicate the levels to watch for in the upcoming days.)

Short tomorrow at 1308.75-1310? 

 

ES Weekly - On a larger scale, here are some levels to watch.  Looking at the symmetry from the June/July 2010 pullback, we have 1216 area.  Using various other fib methods, this area seems to keep coming up.  Not to mention the previous high swings in April 2010 and November 2011. 

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