Morning Take $ES_F 9/30/10

Posted on September 30, 2010 by Eli Radke • 0 Comments

Overnight we had the Anglo Banks air their dirty laundry. GDP and Jobless claims did not have the negative affect that I thought they would. We currently have a gap at 1141.00. This is also an place of support. Yesterday’s high was 1146.75 and the high of the week is 1149.75. I see strong resistance in that area at 1150 at least initially. Today is going to be an interesting day. Lots of news, end of month, and end of quarter. Looking to buy breaks and for resistance to become support. Opening range will be extremely important today.

News and Speeches (All times ET)

9:45 Chicago PMI
10:30 EIA Nat Gas
11:00 3 and 6 Month Bills
4:30 Fed Balance and Money Supply

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Read previous post:

Afternoon Take $ES_F 9/29/10

After the market opened we made an attempt lower to 1137.50 and proceeded to filled the gap at 1141.75. ...