Thursday, August 11, 2016

Thursday, August 11, 2016 #PreMarket #ES_F Comments by Michael Blythe

Thursday, August 11, 2016 #PreMarket #ES_F Comments by Michael BlytheSocialTwist Tell-a-Friend



Good Morning. Same story, Globex strength, especially out of Europe leaves the market open to being faded in cash hours. Bears have put together modest lower highs and needs the to keep the 2179 price protected and push below support into the lower target area. Bulls need to break the 2179 price early, establish a floor there, and push to the upside target.

2187 (*) Target Above 2184

2184 (*) Top of Ceiling Area

2181 (*) Beginning of Ceiling Area

2179 (*) Early Pivot Today

2174 (*) Support Zone Begins

2170 (*) Bottom of Support Zone

2161 (*) Target on a Break of 2170


All the best;

 Michael Blythe
Futures Strategist
Hamzei Analytics, LLC



Posted by Hamzei Analytics, LLC at 9:05 AM

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