06/29/11 TradeStalker's E-Mini Futures Support and Resistance Updates

.................................................
TradeStalker's
Support and Resistance Update
6 / 29 / 2011
(Published Since 1996)
...............................................

Dateline: 8:23 pm eastern time, 6/29/2011

The ES opened higher and at the 1297.50-1298.50 resistance
and pulled back to fill the gap. A pop back up failed after
that, then a pullback to 1292.75 happened in the first 60
minutes and the market turned back up. A trend up move to
the 1305.50-1306.50 area on the ES lasted until around 2 PM
and the ES dropped back to the 1297.00 level. That move was
reversed and the market rallied back to test its highs by
the close.

We had the back and forth day on Wednesday but the averages
still closed up for the day. The SP500 cash gained 10+
points for the 3rd day in a row, and the end of quarter
upside bias kicked in from a modest oversold state. The
internal gauges are mostly overbought at this juncture. My
RBI Oscillator is in sell territory and my 3 day thrust
oscillator is at +.82 (+.50 normal extreme). The Vix gave 1
of 5 possible sell signals.

The last day of the quarter should have trouble holding
gains on Thursday. The Wednesday trading ended in uptrends
so an early pop up should be sold in to. If that sets up, a
reversal is a shorting opportunity. If that happens, a
pullback needs hold the 1297.50-1297.00 area at the worst to
avoid reversing direction. If that holds, then the market
can stay in bullish mode. However, if that area is not
defended, then another decent sided pullback should be in
gear. A test of the 1292.50-1292.00 area would then be a
major area to hold to avoid going back under 1290 on
Thursday/ Friday morning.

September 2011 SP futures resistance
symbols: emini = esu1 / big contract =spu1

1305.50-1306.50
1308.00
1312.00-1312.50
1317.50-1318.50

September 2011 SP futures support
symbols: emini = esu1 / big contract =spu1

1297.50-1297.00
1292.50-1292.00
1288.25-1287.25
1282.25-1281.50
1277.25-1276.50

September 2011 Nasdaq futures resistance
symbols: emini = nqu1 / big contract = ndu1

2295.00-2295.50
2301.00
2308.50-2310.00
2318.00-2320.00

September 2011 Nasdaq futures support
symbols: emini = nqu1 / big contract = ndu1

2280.25-2279.25
2275.00-2274.25
2267.50-2266.50
2250.50-2249.75
2238.50-2237.50

CLICK HERE FOR FREE TRADING VIDEOS!

Good Trading,
Mike Reed
TradeStalker.com

Copyright (c) 2011 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

This publication's primary focus is trading the index
futures ($ES_F)and($NQ_F). However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************

06/28/11 TradeStalker's E-Mini Futures Support and Resistance Updates

.................................................
TradeStalker's
Support and Resistance Update
6 / 28 / 2011
(Published Since 1996)
...............................................

Dateline: 9:06 pm eastern time, 6/28/2011

The market opened higher on Tuesday and just kept grinding
higher. The biggest dip on the ES was just 3.50 points as
the market rallied from open to close in a trend up Tuesday.

The market is just one up day from getting into overbought
status and also potentially give a few Vix sell signals too.
After 2 trend up days in a row we may not get that good odds
set up. To stay in bullish mode, the initial support areas
need to be held on Wednesday. If not defended, then a 2
sided day is in the cards, at best.

If there is a higher open on Wednesday, it's a good short
for a test of the initial support. If that plays out and the
first pullback holds that 1288.25-1287.25 area on the ES
then the upside will be intact still. If broken, then a
bounce should fail and a move back to the 1282.25-1281.50
area is possible before a rally back can occur.

September 2011 SP futures resistance
symbols: emini = esu1 / big contract =spu1

1295.00
1297.50-1298.50 *strong
1301.00-1302.00
1305.50-1306.50

September 2011 SP futures support
symbols: emini = esu1 / big contract =spu1

1288.25-1287.25
1282.25-1281.50
1277.25-1276.50
1272.50-1271.50

September 2011 Nasdaq futures resistance
symbols: emini = nqu1 / big contract = ndu1

2285.00
2288.75-2290.25 *strong
2296.00-2297.00
2305.25-2307.00

September 2011 Nasdaq futures support
symbols: emini = nqu1 / big contract = ndu1

2274.50-2272.50
2260.50-2259.75
2250.50-2249.75
2238.50-2237.50


Click Here to Sign Up for a FREE Delayed Trial AND a BONUS,
My "Basic Guide to Support and Resistance Trading!

Good Trading,
Mike Reed
TradeStalker.com

Copyright (c) 2011 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

This publication's primary focus is trading the index
futures ($ES_F)and($NQ_F). However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************

06/27/11 TradeStalker's E-Mini Futures Support and Resistance Updates

.................................................
TradeStalker's
Support and Resistance Update
6 / 27 / 2011
(Published Since 1996)
...............................................

Dateline: 8:36 pm eastern time, 6/27/2011

The ES opened slightly higher at 1264.25 and the traded down
to 1261.75, which was in the initial 1262.00-1261.50 support
zone. That 1261.75 was reversed and the market traded up to
1269.25 (in the 1268.75-1269.50 initial resistance zone)
where it stalled and pulled back to 1266.75 before trading
up to a new high of 1273.50 just after 10:30 AM. After
reaching 1273.50, the market stalled and pulled back to the
test 1269.25. The test of 1269.25 reversed and the ES
traded back up to 1274.75 just after noon, where it stalled
again before putting in a double top type pattern around
1:20 PM and traded back down to 1271.25 before reversing
again and trading back up to the daily high of 1280 around
2:50 PM (in the 1279.75-1280.50 resistance zone). 1280 was
rejected and the market traded down to 1277.25 before
bouncing back up to 1279.50 and then reversing and trading
down to 1274 just after 4 PM before finally settling at
1276.75.

The market is still in a big trading range, and must now get
over 1280 on the ES and hold to keep the upside from
aborting again. Even then, it's doubtful it will be able to
keep going on back to/through the 1284.50-1285.25 area
before a good sized pullback occurs. Look for early strength
to be sold near the initial resistance if a stall/rejection
there occurs.

On the downside, the bulls stay in charge as long as the
initial support areas hold. A break opens the door to test
the 1271.25-1270.50 zone on the ES. A reversal there sets up
a good buying opportunity. However, if that area breaks and
is not reversed quickly, then the market gets back into
trouble again on Tuesday.

September 2011 SP futures resistance
symbols: emini = esu1 / big contract =spu1

1279.75-1280.50
1284.50-1285.25
1291.50-1292.50

September 2011 SP futures support
symbols: emini = esu1 / big contract =spu1

1274.00
1271.25-1270.50
1266.50-1265.75
1262.00-1261.00
1258.00-1257.00

September 2011 Nasdaq futures resistance
symbols: emini = nqu1 / big contract = ndu1

2259.50-2260.50
2268.50-2269.50
2282.50-2284.00

September 2011 Nasdaq futures support
symbols: emini = nqu1 / big contract = ndu1

2245.00
2242.00-2240.50
2216.00-2215.50
2211.00-2209.75
2206.50-2205.50

Click Here to Sign Up for a FREE Delayed Trial AND a BONUS,
My "Basic Guide to Support and Resistance Trading!

Good Trading,
Mike Reed
TradeStalker.com

Copyright (c) 2011 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

This publication's primary focus is trading the index
futures ($ES_F)and($NQ_F). However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************

06/26/11 TradeStalker's E-Mini Futures Support and Resistance Updates

.................................................
TradeStalker's
Support and Resistance Update
6 / 26 / 2011
(Published Since 1996)
...............................................

Dateline: 6:36 pm eastern time, 6/26/2011

NOTE: I'm far from healthy yet, but will do several
intraday updates this week when able. They will be sent
via Instant Message.

The market had an oversold rally into Tuesday/ Wednesday and
then got to overbought extremes on the daily indicators. The
ES struggled to get over the 1279-1280 area, and on Thursday
and Friday the market traded mostly lower. On Friday the
market was hit with selling that took the ES back to the
1262.00-1261.50 zone just before the close.

All of the daily indicators are in neutral as of Friday's
close. The only thing that is modestly bullish is 3 days in
a row with a closing Trin over 1.00. The market is currently
in a big trading range that needs to avoid rolling over much
more. The 200 day moving average on the SP500 held 2 weeks
ago, and made a low there. It is in an uptrend and sits at
1263.60 coming into Monday.

Still, the market has acted poorly, and unless/until the
market proves strong the bounces should set up shorts. The
initial support areas need defended on Monday to avoid a bad
start to the week for the bulls. If the 1261.50 area is not
held, then the next zones should be in the cards at the
least. If the ES gets back to the 1252.50-1251.50 area, be
on reversal alert as a decent double bottom could be made
and start another good rally back. The market will need to
get over the initial resistance areas, and not pull back any
further than the 1266 area on ES to try getting the market
out of trouble on Monday.

NOTE: I'm far from healthy yet, but will do several
intraday updates this week when able. They will be sent
via Instant Message.

September 2011 SP futures resistance
symbols: emini = esu1 / big contract =spu1

1268.75-1269.50
1274.75-1275.25
1279.75-1280.50

September 2011 SP futures support
symbols: emini = esu1 / big contract =spu1

1262.00-1261.50
1257.00-1256.50 {200D MA area}
1252.50-1251.50 *major

September 2011 Nasdaq futures resistance
symbols: emini = nqu1 / big contract = ndu1

2223.00-2224.00
2231.75-2233.25
2243.50-2244.50

September 2011 Nasdaq futures support
symbols: emini = nqu1 / big contract = ndu1

2207.00-2206.50
2198.50-2197.50 {200D MA area}
2184.00-2182.50 *major

Click Here to Sign Up for a FREE Delayed Trial AND a BONUS,
My "Basic Guide to Support and Resistance Trading!

Good Trading,
Mike Reed
TradeStalker.com

Copyright (c) 2011 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

This publication's primary focus is trading the index
futures ($ES_F)and($NQ_F). However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************

06/23/11 TradeStalker's E-Mini Futures Support and Resistance Updates

.................................................
TradeStalker's
Support and Resistance Update
6 / 23 / 2011
(Published Since 1996)
...............................................

Dateline: 6:34 pm eastern time, 6/23/2011

** Hope to be back in the instant messenger room Monday.
Thanks to everyone who has sent well wishes! **

A very quick update tonight. The market was weak early and
rallied off of a decent support area at the 1257.00 area.
There was a pretty good pullback off of the 1270.00 area
on the ES, but that pullback was bought and the market was
able to rally into the last hour.

On Tuesday night my wife Julie sent out a note saying
that we had one of five vix sell signals and that the
RBI Oscillator was in sell mode. In last night's update
I reminded that the RBI Oscillator was still in sell
mode but that also the VIX gave one sell signal. I
mentioned that Thursday was expected to be a two sided
day. The good washout down to 1257.00 was enough to get
a decent bounce back in gear. Thursday started with a
big gap down open and after reaching 1257.00 on the ES
buyers came back and a decent oversold bounce took the
ES back to almost 1280.00 by the close filling the gap.

As for Friday finally all of the indicators are in neutral
territory. Look for early strength to be sold into as it
should make a good shorting opportunity. Especially if 1280
on the ES is reversed. On the downside if there is another
decent pullback then the 1261.50 area needs to be held, or
reversed quick if broken to avoid more breakdown and
possibly going towards the 1252.00 level, that is the low
so for the move.

September 2011 SP futures resistance
symbols: emini = esu1 / big contract =spu1

1280.50-1281.00
1284.50-1285.25
1290.75-1292.50
1297.50-1298.50

September 2011 SP futures support
symbols: emini = esu1 / big contract =spu1

1270.00-1269.75
1262.00-1261.50
1257.00-1256.50

September 2011 Nasdaq futures resistance
symbols: emini = nqu1 / big contract = ndu1

2249.50-2250.50
2258.85-2260.20
2270.00-2272.00

September 2011 Nasdaq futures support
symbols: emini = nqu1 / big contract = ndu1

2235.00-2234.00
2218.00-2217.50
2208.00-2206.50

Click Here to Sign Up for a FREE Delayed Trial AND a BONUS,
My "Basic Guide to Support and Resistance Trading!

Good Trading,
Mike Reed
TradeStalker.com

Copyright (c) 2011 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

This publication's primary focus is trading the index
futures ($ES_F)and($NQ_F). However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.

We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************

06/22/11 TradeStalker's E-Mini Futures Support and Resistance Updates

Hi Everybody,

Mike still isn't quite up to par, but wanted to give you a
head's up...

Last night Mike stated that his RBI Oscillator was
overbought along with his 3 Day Thrust also being
overbought.

The market was up early in the day, but by the end of the
day the market closed on it's lows. What was interesting is
that the RBI Oscillator remains in overbought terriotry, and
the VIX gave one of a possible 5 sell signals on Wednesday.

So, Thursday should be a two sided trading day.
1277.50 is first support
1272.50-1271.50 is a "key" support on Thursday
That area should hold if the market is going to be able to avoid trouble.

If the market rallies instead, then there is still
resistance at 1294.00 on the ES, and if that is exceeded,
then major resistance at 1297.50-1298.50

Mike hopes to be back to "normal" again real soon.
Good Trading (from Mike),

Julie
TradeStalker.com

06/21/11 TradeStalker's E-Mini Futures Support and Resistance Updates

Hi Everybody,

Mike has been sick for the past few days, however he was
able to check his spreadsheet to see if there was a
directional bias for Wednesday.

Mike's RBI Oscillator is in sell territory and his 3 Day
Thrust is extremely overbought. When this combination is
present, the market has a hard time going up. In fact, this
same set up was present last week before a drop of about 20+
points on the SP500. The key support area is at 1277.50 and
then if broken, then the 1273.50-1272.50 looks like it must
hold or a big turn down could occur. The key resistance
overhead is currently at 1297-1298 area on the ES.

Don't forget tomorrow is a Fed Day.

Hopefully Mike will be better enough tomorrow to send a
regular update. But, we'll have to see how he's feeling.

Good Trading (from Mike),
Julie
TradeStalker.com

06/19/11 TradeStalker's E-Mini Futures Support and Resistance Updates

.................................................
TradeStalker's
Support and Resistance Update
6 / 19 / 2011
(Published Since 1996)
...............................................

Dateline: 5:36 pm eastern time, 6/19/2011

Last week was full of big gap opens. On Friday the ES gapped
up 11 points at 1275.00 and that was sold. A drop to 1267.25
followed, and then the market bounced back. A bounce to
1273.00 was rejected, then a failure at 1272.25 set up a
short before the triangle pattern was broken. That brought
on the move to 1263.25 (1264-1263 was the target) and a
bounce back to 1270.00 followed. That move stalled and then
rolled over and the ES dropped to 1261.50 with an hour left
in stock trading. A fast reversal took the market back to
test the last bounce highs but fell just short, as the ES
ran out of steam and dropped back to 1265.00 just before
settlement.

The Vix reversed and closed down on Friday. That gives 3 of
a possible 5 Vix buy signals in my work. That's the only
bullish indicator, as Friday's up close erased most of the
oversold signals. If there are higher prices ahead, the
market may need to go lower before getting turned back up.
The 1270 area on the ES was rock solid resistance and would
need to be cleared to try turning the market up. TRhat area
on the ES along with the NQ getting back over its 2195.25-
2196.25 resistance, and not failing, will be needed to get
things in sync in uptrends.

That said, favor selling the bounces to support zones before
looking for a tradable bounce on Monday morning. Look to
sell early strength as soon as the upside fizzles out on
Monday morning. If that plays out and then a drop to initial
support is held, a decent bounce should set up. If that area
is broken and no reversal, then last Thursday's lows should
be very good support if reached again and there is a sign of
turning. If the market gets back down there it should set up
a very good buying opportunity to be on the lookout for.

September 2011 SP futures resistance
symbols: emini = esu1 / big contract =spu1

1269.00-1270.00
1274.50-1275.50
1280.50-1281.00

September 2011 SP futures support
symbols: emini = esu1 / big contract =spu1

1262.50-1261.50
1258.25-1257.50
1252.50-1251.50
1244.50-1244.00

September 2011 Nasdaq futures resistance
symbols: emini = nqu1 / big contract = ndu1

2195.00-2196.25
2203.50-2205.00
2213.50-2214.50

September 2011 Nasdaq futures support
symbols: emini = nqu1 / big contract = ndu1

2184.00-2182.50
2176.50-2175.50
2166.50-2165.50
2154.00-2152.50

Click Here to Sign Up for a FREE Delayed Trial AND a BONUS,
My "Basic Guide to Support and Resistance Trading!

Good Trading,
Mike Reed
TradeStalker.com

Copyright (c) 2011 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

This publication's primary focus is trading the index
futures ($ES_F)and($NQ_F). However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), (VIXY), and (DOG)

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.

We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
************************************************

06/16/11 TradeStalker's E-Mini Futures Support and Resistance Updates

.................................................
TradeStalker's
Support and Resistance Update
6 / 16 / 2011
(Published Since 1996)
...............................................

Dateline: 10:45 pm eastern time, 6/16/2011

The ES opened flat, dipped to just over 1258 support then
bounced to 1264 resistance and stalled. From the 1264.50
high a sharp drop to test yesterday's lows came on Philly
Fed release, and a very sharp run up to the 1266.75
resistance stalled out. A pullback held the new 1261.50
support and ran to a higher high at 1269.00. The ES pulled
back to 1264.50 new support and bounced, but failed to make
a higher high and rolled over. The drop took the market to
the key 1252.00 area on the ES and within 13 cents of the
200 day moving average on the SP500 cash, and reversed back
up. The move was a strong trend up move as the ES made it
back to 1264.00 just before settlement.

The market has most of the ingredients present for a decent
short term low. The Vix exploded on Thursday, then reversed
and that gave 2 of 5 possible Vix buy signals. Other
internal gauges were at extremes near the Thursday low but
were relieved a bit by the late rally. The could be one more
push lower, but it looks like the worst is behind us short
term as long as the Thursday lows are held.

On Friday look for early strength to be sold in the first
15-30 minutes, and then give a decent pullback. If that
plays out and a pullback gets footing around the 1258.25-
1257.50 area on the ES and the 2186.75-2185.75 area on the
NQ, then a good bounce back should follow if a low is in
place. If that doesn't hold, then a re-test of the 1252 area
on the ES is possible but that should be bought if it gets
back there. On the upside, a run up towards the 1273.25-
1274.00 area on the ES is possible, but should be about it
before a decent drop occurs.

September 2011 SP futures resistance
symbols: emini = esu1 / big contract =spu1

1265.75-1266.25
1269.00-1269.50
1273.25-1274.00
1276.50-1277.00

September 2011 SP futures support
symbols: emini = esu1 / big contract =spu1

1261.00-1260.50
1258.25-1257.50
1252.50-1251.50

September 2011 Nasdaq futures resistance
symbols: emini = nqu1 / big contract = ndu1
2199.25-2200.25
2207.50-2208.25
2213.50-2214.25
2222.25-2224.00

September 2011 Nasdaq futures support
symbols: emini = nqu1 / big contract = ndu1

2193.00-2192.50
2186.75-2185.75
2176.50-2175.50

Click Here to Sign Up for a FREE Delayed Trial AND a BONUS,
My "Basic Guide to Support and Resistance Trading!

Good Trading,
Mike Reed
TradeStalker.com

Copyright (c) 2011 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

This publication's primary focus is trading the index
futures ($ES_F)and($NQ_F). However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), (VIXY), and (DOG)

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
************************************************

06/15/11 TradeStalker's E-Mini Futures Support and Resistance Updates

.................................................
TradeStalker's
Support and Resistance Update
6 / 15 / 2011
(Published Since 1996)
...............................................

Dateline: 7:19 pm eastern time, 6/15/2011

The ES gapped down about 13 points on Wednesday and reversed
and a rally to 1275.75 followed. That stalled and reversed,
and a pullback to 1270.75 occurred. That gave a bounce to
1275.25 (at 20ema on 5 min chart) while the NQ stayed under
its 2238 level and turned down. After the first small dip, a
little bounce to the 1273.50-1274.00 zone set up a short and
the market went trend down to take out the 1262 level on the
way to to the 1258.25-1257.50 zone. The ES reversed up from
1257.25 but the new resistance at the 1263.50 was reached
and reversed and another drop tested the 1257.50 level for a
forth time. A pop up to 1262.00 was sold and the ES dropped
to a lower low at 1255.75 with 90 minutes left in stock
trading. Short covering took the ES back to the 1263.50 new
key resistance was sold before pulling back into the close.

The gap up on Tuesday and gap down on Wednesday leaves the
daily chart looking ugly. There were some somewhat bullish
occurrences though on Wednesday. At last the market showed a
bit of fear for a switch, as the Vix jumped almost 17% at
the close. A bit more of a jump on the Vix that is reversed
could give a number of buy signals. The ES did break the
1257 level it held 4 times before going to 1255.75, then
turned back up and stayed over it. It doesn't give a strong
bullish case, but some two-sided action will be more likely
on Thursday.

Look for early weakness to be bought on Thursday, and then
if the first decent bounce fails near the initial resistance
yet another decent drop should occur. If that initial
resistance is exceeded and held, instead of reversed, then a
push towards the 1266.25-1266.75 area before a decent dip
occurs. If that early "pop up and reverse" type of does
action occur from near the initial resistance areas, and a
pullback then goes through the 1258.00 level, a drop to/
through the Wednesday lows can be in the cards before a low
gets put in place. That could be around the 1252.00-1250.50
area on the ES and/or around the 1257 level on the SP500
Cash (SPX) where the up-sloping 200 day moving average
rests. A good rebound should start from around that zone,
otherwise the market could implode a bit and go for the
1246.00-1245.00 area on the ES before a decent trading low
is in place.

September 2011 SP futures resistance
symbols: emini = esu1 / big contract =spu1

1263.50-1264.00
1266.25-1266.75
1270.00-1271.00
1276.00-1277.50
1281.00-1282.00

September 2011 SP futures support
symbols: emini = esu1 / big contract =spu1

1258.00-1257.00
1252.00-1250.50
1246.00-1245.00 major

September 2011 Nasdaq futures resistance
symbols: emini = nqu1 / big contract = ndu1

2208.00-2209.00
2212.00-2213.50
2216.00-2216.50
2222.75-2223.50
2230.00-2231.50

September 2011 Nasdaq futures support
symbols: emini = nqu1 / big contract = ndu1

2201.00-2200.00
2193.00-2192.00
2185.00-2183.00


---------------------------

REMINDER:

Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:

http://www.tradestalker.com/RBIchat.htm

---------------------------

Good Trading,
Mike Reed

Copyright (c) 2011 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.

We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************

06/14/11 TradeStalker's E-Mini Futures Support and Resistance Updates

.................................................
TradeStalker's
Support and Resistance Update
6 / 14 / 2011
(Published Since 1996)
...............................................

Dateline: 10:11 pm eastern time, 6/14/2011

The ES gapped up almost 12 points on Tuesday and pushed
through all listed resistance by reaching 1283.75 before
pulling back. A dip held 1280.50 and a trend up move to
1286.50 followed. A small dip held the 1283 new support and
made another push higher. The ES made a slightly higher high
at 1287.00 while the Dow cash made a double top, and a 6.00
point drop to 1281.00 (just over 1280.50 key support)
followed and then the futures firmed up and settled over
fair value.

The market didn't like it around the 1287 area on Tuesday,
which is just under the June 6th bounce high which preceded
the drop to 1259.50 last week. On the other side of the
coin, the decent pullbacks are getting buyers stepping to
the plate the past few days. The technical gauges are mostly
neutral except for my RBI Oscillator, which is in sell
territory at Tuesday's close. This is a buy negater unless
there is a good set-up to get long at lower prices. A drop
back to the 1277.00-1276.50 area on the ES would need to be
reversed or a move to fill the gap on the daily charts could
be in the cards. To nullify the bearish outlook, the ES
needs to get over 1288.50 and hold over that area.

So, look for early strength to set up a shorting opportunity
on Wednesday. If that plays out, the 1281.00-1280.50 area is
the first support to defend. If it's is not defended, then
the 1277.00-1276.50 area is likely in the cards before a
bounce occurs. If that 1280.50 is reversed instead, then a
move to test or slightly exceed the 1287 high from Tuesday
is possible.

September 2011 SP futures resistance
symbols: emini = esu1 / big contract =spu1

1285.00
1287.50-1288.50
1291.50-1292.25
1297.50-1298.50

September 2011 SP futures support
symbols: emini = esu1 / big contract =spu1

1281.00-1280.50
1277.00-1276.50
1273.25-1272.50
1268.00-1267.50

September 2011 Nasdaq futures resistance
symbols: emini = nqu1 / big contract = ndu1

2250.00
2254.00-2255.00
2261.75-2263.00
2272.25-2274.00

September 2011 Nasdaq futures support
symbols: emini = nqu1 / big contract = ndu1

2245.00-2243.25
2238.60-2237.50
2227.75-2227.00
2218.25-2217.50


---------------------------

REMINDER:

Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:

http://www.tradestalker.com/RBIchat.htm

---------------------------

Good Trading,
Mike Reed

Copyright (c) 2011 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.

We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
************************************************

06/13/11 TradeStalker's E-Mini Futures Support and Resistance Updates

.................................................

TradeStalker's

Support and Resistance Update

6 / 13 / 2011

(Published Since 1996)

...............................................

Dateline: 6:36 pm eastern time, 6/13/2011

The market opened higher on Monday and the ES reached
1271.50 about 15 minutes into trading and then pulled back.
A small range between 1267.50 on the bottom and 1271.25 on
top formed but another attempt to push higher failed a 3rd
time at 1271.00 and finally broke to the downside. The move
gathered steam and the market fell to new lows for the move
with the ES reaching 1259.50 before reversing. The move back
up picked up some steam too once the 1263.50 area was pushed
through, and the ES reached 1271.75 before pulling back 4
points on the ES. A pop back up to 1271.50 was rejected, and
then the ES chopped back to the 1264.50 updated support just
before the close.

Once again the bounces couldn't stick on Monday. The
internal gauges are on the oversold side on neutral except
for a few breadth oscillators. The McClellan oscillator is
at -221 which is a normal extreme. Also on the slightly
bullish side, the Vix finally jumped a bit showing a bit of
fear for a switch. Prices made lower lows and lower lows
again on Monday.

There was good buying at lower levels on Tuesday, but eager
sellers when the ES refused to hold the 1271 area and the
Dow cash wouldn't stick over 12000. If the initial support
can hold early on Tuesday, then a pop up to exceed the
Monday highs can change that streak, and a decent move up
could occur. Even if that's the case, the market should
still have a hard time holding up at higher prices. The
12000 area on the Dow cash needs cleared and then needs to
hold that area on a dip to begin to dent the downside
momentum.

On Tuesday the 1264.50 area on the ES should be key early.
If that area is held, then a move back up to test the
1270.50-1271.50 zone, or a bit higher, should be in the
cards. If the market gets back up there and is rejected
again, then a move back towards that 1264.50-1264.00 area
should be in the cards again. If held, then the market will
be getting legs to try another move up. If the market can
NOT take out the Monday highs, and the 1264.50 area is not
defended on a dip, then a test of the 1258.25-1257.50 area
could be in the cards. If so, expect that area to have
buyers waiting as it wasn't down there for very long on
Monday and likely will bring in short covering on any hint
of a turn back up from that area. If no turn comes from that
area, then watch the 1254-1262 area on the SP500 cash for
key support on this leg down.

September 2011 SP futures resistance
symbols: emini = esu1 / big contract =spu1

1270.50-1271.50
1273.00-1273.75
1276.50-1277.00
1281.00-1282.00

September 2011 SP futures support
symbols: emini = esu1 / big contract =spu1

1264.50-1264.00
1260.00-1259.50
1258.25-1257.50
1252.00-1251.50
1245.00-1244.00

September 2011 Nasdaq futures resistance
symbols: emini = nqu1 / big contract = ndu1

2229.50-2230.00
2234.50-2235.00
2240.25-2241.25
2248.50-2249.50

September 2011 Nasdaq futures support
symbols: emini = nqu1 / big contract = ndu1

2216.25-2215.50
2211.00-2210.50
2207.00-2206.25
2196.75-2295.75
2186.50-2184.50

---------------------------

REMINDER:

Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:
http://www.tradestalker.com/RBIchat.htm

---------------------------

Good Trading,
Mike Reed

Copyright (c) 2011 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899
Disclaimer

The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.

We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************

06/12/11 TradeStalker's E-Mini Futures Support and Resistance Updates

.................................................
TradeStalker's
Support and Resistance Update
6 / 12 / 2011
(Published Since 1996)
...............................................

Dateline: 5:36 pm eastern time, 6/12/2011

It was another bearish week for the market last week, and it
ended with the market taking another drubbing. On Friday the
ES gapped down 4.50 points on the open, and after a bounce
from 1273.50 to new resistance at 1276.00 stalled, it set up
a shorting opportunity and a drop to 1269 followed. A bounce
then failed just under the 1273 updated resistance, and a
trend down move to the 1262 support/ target was met before 2
pm. The market turned up and rallied to test updated
resistance given at 1273.50. The move peaked at 1273.75 and
pulled back. I warned of a 1-2-3 top being a possibility up
there, and after a dip to 1269.25, the ES popped back up to
1273.25 and reversed, giving the 1-2-3 top just in time for
the drop back to test 1262.75 just before the close.

Since the last day of May, the SP500 cash has lost 74.22
points in 8 days on closing basis. It doesn't look to be
over yet either. Despite an oversold status, the bounces
refused to stick last week. The failure at the 1288.50
resistance level on Thursday on the September futures
contract led to a last hour drop. The subsequent gap down
open on Friday leaves the market with a lot of work to do to
change things short term. The 200 day moving average on the
SP500 cash is at 1254, and in the last decade that is tested
at least one time per year. Given the recent action, unless
there is some reason for a change, that should be seen
before this bear move ends.

On Monday the 1262 area on the ES will be key early. If that
is not defended, and there is a gap down open, then that
area should turn into decent resistance on a bounce as the
market goes towards the 1258.25-1257.50 area on the ES
and/or the 2207.00-2206.25 area on the weaker Nasdaq 100
futures (NQ). If there is a reversal from there, then a
bounce could occur. Just remember, a bounce shouldn't exceed
12 ES points from bottom to top before a stall/ reversal
occurs if this bearish action is going to continue. That has
been about as good as a rally goes before running into
selling lately.

If there is a higher open and early rally on Monday instead
of follow through selling, then the initial resistance areas
need to be exceeded/ held to go for the 1273.25-1273.75 area
on the ES, which was rejected late on Friday. A move over
that area will need to hold to begin to dig out of this hole
short term.

September 2011 SP futures resistance
symbols: emini = esu1 / big contract =spu1

1267.50-1268.00
1273.25-1273.75 *key
1276.50-1277.00
1281.00-1282.00 *strong

September 2011 SP futures support
symbols: emini = esu1 / big contract =spu1

1262.50-1261.75 *key
1258.25-1257.50 *strong
1252.00-1251.50
1245.00-1244.00 *major

September 2011 Nasdaq futures resistance
symbols: emini = nqu1 / big contract = ndu1

2224.50-2225.25
2234.00-2235.00 *key
2240.25-2241.25
2248.50-2249.50 *strong

September 2011 Nasdaq futures support
symbols: emini = nqu1 / big contract = ndu1

2215.00-2214.50 *key
2207.00-2206.25 *strong
2196.75-2295.75
2186.50-2184.50 *major

Click Here to Sign Up for a FREE Delayed Trial AND a BONUS,
My "Basic Guide to Support and Resistance Trading!

Good Trading,
Mike Reed
TradeStalker.com

Copyright (c) 2011 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

This publication's primary focus is trading the index
futures ($ES_F)and($NQ_F). However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), (VIXY), and (DOG)

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************

06/09/11 TradeStalker's E-Mini Futures Support and Resistance Updates

.................................................
TradeStalker's
Support and Resistance Update
6 / 09 / 2011
(Published Since 1996)
...............................................

Dateline: 6:36 pm eastern time, 6/09/2011

The higher open on Thursday was sold, but buying started at
the 1273.50 area (on the September e-mini SP futures, ES
U1)and a run up to 1284.75 occured before pulling back. The
dip held at 1281.25 and then pushed back over that 1284.75
early high as it turned into trend up support intraday. The
key 1288.50 level was reached with about an hour left in
stock trading, and that was a set-up to short and a drop
back to 1281.50 occurred as the market dropped into the
close.

On Thursday everything was looking good until the 1288.50
key level was rejected and then especially when the 1285
area was cut through. The averages closed up on the day, but
the late day drop showed that the market is not yet out of
the woods and ready to go on a tear on the upside.

For the most part the oversold extremes have been erased
short term. Given the recent drubbing and the late day
dumping of stocks on Thursday, don't expect the bounces to
stick just yet. The NQ pretty much led the moves in both
directions on Thursday, and ended on a weaker "get me out"
kind of end to the day. It actually made a lower low on
Thursday before turning back up, and a failure to clear/hold
its 2257.75 area also keeps the pressure on the downside.

On Friday, as long as the initial resistance is not cleared
and held (it should be short if an early pop up there
stalls/reverses), the market will be vulnerable and should
at least test the 1277.75-1277.00 area on the September ES
and/or the 2242.00-2240.50 area on the September NQ. A
bounce should come from there, however if those are not
defended on a pullback and spark a decent bounce, then a
drop back to the Wednesday low area on the ES down around
the 1272.00-1271.00 area is likely still. If that area is
broken, then it could get a bit ugly again to finish the
week.

September 2011 SP futures resistance
symbols: emini = esu1 / big contract =spu1

1284.50-1285.25
1288.00-1288.50 *major
1291.00-1291.50
1295.00-1295.50

September 2011 SP futures support
symbols: emini = esu1 / big contract =spu1

1281.75-1281.25
1277.75-1277.00 *strong
1272.00-1271.00 *major

September 2011 Nasdaq futures resistance
symbols: emini = nqu1 / big contract = ndu1

2257.00-2257.75
2262.50-2263.50 *major
2266.00-2266.50
2273.00-2274.00

September 2011 Nasdaq futures support
symbols: emini = nqu1 / big contract = ndu1

2248.00-2247.50
2242.00-2240.50 *strong
2232.50-2232.00 *major

Good Trading,
Mike Reed

Copyright (c) 2011 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************

06/07/11 TradeStalker's E-Mini Futures Support and Resistance Updates

.................................................
TradeStalker's
Support and Resistance Update
6 / 7 / 2011
(Published Since 1996)
...............................................

Dateline: 6:56 pm eastern time, 6/7/2011

The ES opened up almost 7 points on Tuesday and reached
1292.00 (just under the 1292.50-1293.00 resistance) before
dropping back to 1288.25. The market reversed back up and
went into a trend up move to 1293.75. A pullback held the
1291.00 updated support and made it to 1294.75 before
reversing and dropping back to 1289.25. Another pop up to
1293.75 failed, but the ES pulled back to 1291.75 (just over
1291.50 support) and popped up to a higher high at 1295.50.
That was rejected, setting up a short on the bounce to
1294.00-1294.50 zone and the reversal and 1294.25 then was
sold. The 1291 area was supported most of the afternoon but
when broken/ held in the last hour the downside gathered
momentum and the bottom side of the 1283.25-1282.50 support
zone was reached just before settling.

The market staged a decent oversold bounce but it refused to
stick. My short term internal gauges backed off the extreme
oversold condition by a bit. About the only technical
indication of a possible oversold bounce is closing Trin
over 1.09 for 5 straight days. Also, the 1282.50 level held
and the futures bounced to settle well over fair value.

With this oversold condition not yet able to spark a rally
that can stick, the easier trades should still set up on the
short side when a bounce stalls out. A lower open that gets
reversed should set up a good buying opportunity, and maybe
be the start of a good run-up to trade from the long side.
However, if there is another sizable upside open, and that
gets reversed from around the 1288.50-1289.50 area on the
ES, then selling should come in and a pullback will likely
occur before a decent set up to buy is seen.

If that happens and then there is a test of the 1282.75-
1282.25 zone on the ES that reverses again, it should then
start a decent rally from there. If that area breaks, then
the 1279.25-1278.50 zone should be the worst case drop on
Wednesday. If not, it's not good for the bigger picture as
the market would be breaking down despite deeply oversold
internal gauges. If there IS a rally takes out the initial
resistance and does not fail, then a move towards the
1291.75-1292.50 could be in the cards and possibly the
1297.75-1298.25 too if that 1292 area is broken/ held on a
dip, but should see sellers up there if it happens to be
reached on Wednesday.

June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1

1288.50-1289.50 minor
1291.75-1292.50 strong
1297.75-1298.25
1302.25-1302.75 major

June 2011 SP futures support
symbols: emini = esm1 / big contract =spm1

1282.75-1282.25
1279.25-1278.50 key
1274.25-1273.75
1270.75-1270.00

June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1

2278.50-2279.25
2284.25-2285.25 strong
2292.50-2293.25
2298.50-2299.50 major

June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1

2269.00-2268.00
2265.75-2264.75 key
2256.50-2255.50
2248.00-2246.50

Good Trading,
Mike Reed

Copyright (c) 2011 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************

06/06/11 TradeStalker's E-Mini Futures Support and Resistance Updates

.................................................
TradeStalker's
Support and Resistance Update
6 / 6 / 2011
(Published Since 1996)
...............................................

Dateline: 6:06 pm eastern time, 6/6/2011

The ES opened flat on Monday and after a bounce to 1298.25
was reversed about 15 minutes into the trading day, it
dropped to test the 1290.50 support. A bounce off 1390.00
failed at 1294.00, and then another drop stopped at 1290.25
and turned up. A rally began but after getting to 1296.25,
the upside stalled and a rejection of 1296.00 made a small
double top and the market rolled over again. The 1288.25-
1287.75 zone was tested and a bounce followed, but it formed
a wedge pattern and a drop to 1283.25 occurred by 3 pm. A
bounce to 1288.50 turned pivotal, and unable to clear that
level the market sold off into the close.

As stated in last night's update the internal gauges have
reached a deep oversold condition. There was another closing
Trin above 3.00 as the internals on Monday were horrible
again. The only thing missing from a solid oversold status
is the Vix not giving sell signals. A "turn-around Tuesday"
is possible, but if the market cannot mount a decent rally
from these conditions, then a bigger bear move is underway
and the downside could gather momentum.

On Tuesday look for early weakness to be reversed to set up
a quick trade on the long side, especially if there is a gap
down open and the 1279.25-1278.50 area on the ES is defended
and quickly reversed back up in the first 30 minutes or so.
If that doesn't play out early then just wait for a bounce
to sell in to when it stalls out. However, if that kind of
early action does play out, look for the bounce to fail
around the 1288.75-1289.75 area on the ES if the market is
going to stay in weak hands. It will take a move back over
that area, that then holds at/above it on a dip, to dent the
downside momentum. Any trades on the long side should still
be quick scalp trades, because if this market doesn't have
the strength to get over the 1288.75-1289.75 area and stick,
then it still has another day of downside action before a
relief rally finally occurs.

June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1
1288.75-1289.75
1292.50-1293.00
1297.50-1298.25
1302.25-1302.75

June 2011 SP futures support
symbols: emini = esm1 / big contract =spm1
1283.25-1282.50
1279.25-1278.50
1274.25-1273.75
1270.75-1270.00

June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1
2281.50-2282.50
2288.00-2288.75
2298.50-2299.50
2305.25-2306.25

June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1
2271.50-2270.50
2268.50-2265.75
2255.00-2254.00
2248.00-2246.50

Good Trading,
Mike Reed

Copyright (c) 2011 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************

06/05/11 TradeStalker's E-Mini Futures Support and Resistance Updates

.................................................
TradeStalker's
Support and Resistance Update
6 / 5 / 2011
(Published Since 1996)
...............................................

Dateline: 5:36 pm eastern time, 6/5/2011

The market was overbought going into the Memorial Day
weekend, and then on Tuesday the market rallied to get
across the board sell signals. On Wednesday the market
opened lower and it was mostly downhill from there as the
market was hit hard. All bounces failed, and on Friday the
Nasdaq kept the market under pressure. After a gap down open
was reversed, a bounce lasted into early afternoon on the ES
and Dow but the Nasdaq didn't bounce much at all. The end of
day move was a choppy trend down move and market ended the
week at its lows on the futures contracts.

From the intraday highs made on Tuesday, the Dow dropped 470
points while the ES and NQ dropped 50.25 and 90 points,
respectively. The price action has been horrible for the
bulls, but my internal gauges are close to oversold extremes
again. The short term buy/ sell signals have marked the
recent lows and highs as they should. One more decent drop
would get the indicators deeply oversold, so an oversold
bounce could occur at any time now.

Even if we get a good bounce, it should have trouble holding
until the downside momentum is broken. The ES had a number
of roughly 8 point moves that failed late in the week. Just
to attempt to get turned around on Monday, the initial
resistance zones need to be cleared, then held on a dip to
take some pressure off. If that doesn't happen, then the
trends are still down and the ES could go for the 1288.25-
1287.75 area before a bounce can get underway. If that area
is reached and not held, then a move towards 1280 area could
be in the cards on this leg down.

June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1

1302.25-1302.75
1304.25-1304.75 *minor
1307.50-1308.50
1312.25-1313.00

June 2011 SP futures support
symbols: emini = esm1 / big contract =spm1

1294.50-1294.00
1290.50
1288.25-1287.75 *major
1279.25-1278.50
1270.75-1270.00

June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1

2299.50-2300.50
2305.25-2306.25 *minor
2312.50-2313.75
2317.75-2318.50

June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1

2282.50-2281.50
2274.00
2268.50-2265.75 *major
2255.00-2254.00
2238.50-2236.50

Good Trading,
Mike Reed

Copyright (c) 2011 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************

06/02/11 TradeStalker's E-Mini Futures Support and Resistance Updates

.................................................
TradeStalker's
Support and Resistance Update
6 / 2 / 2011
(Published Since 1996)
...............................................

Dateline: 7:16 pm eastern time, 6/2/2011

In last night's update, we said to expect a bounce around
the 1308.25-1307.50 published support zone, and before the
open (in the chat-room), members were advised that the 1316
area would be a key dynamic resistance area during the first
10 minutes of trading. The ES gapped up slightly and a good
short trade was set up when the 1316 dynamic resistance area
(based on the 20 EMA, 5-minute chart) was rejected during
the first 10 minutes of trading. After the rejection, the
market traded down to an early low of 1308.25 (1308.25-
1307.50 support), then reversed back up to 1316.50 (a good
long trade). After a pullback, the market bounced back up to
put in a double top at the daily high at 1317 around 10:45
AM. A short trade was setup when the ES reversed on the
double top and traded back down to put in the daily low of
1304.25 just before noon. After putting in the low, the ES
bounced back up to 1309.25, where a good scalp short trade
was setup just before 12:30 PM when updated dynamic
resistance (20 EMA, 5-minute chart) was rejected. After
pulling back, the ES bounced up to 1313.75 around 1:10 PM,
where another scalp short trade was setup when the 60 EMA on
the 5 minute chart was rejected. After trading back down to
1310, a bounce to test the daily high area failed around
2:20 PM. After a pullback, the market bounced to test the
daily high area again just after 3 PM. The failure of this
test setup a final short trade, as the market traded back
down to 1310.50 just before 4 PM before settling at 1312.50.

After running up to overbought extremes on my short term
internal gauges on Monday and Tuesday, the market gave back
all the gains and closed at the lowest level since April 18.
The internal gauges have been nailing the highs and lows and
currently are about a day away from getting oversold again.
The Nasdaq is the only average yet to break down towards its
April 18 closing lows. The NQ would need to get to the
2300.50-2298.50 zone to test that support, and should before
this selloff is over.

On Friday morning we get the Employment data before stocks
open. The futures settled over fair value, so not much fear
being shown there. It is still a market to sell bounces for
now. A test of the initial support zones early on Friday
will need to be reversed back up quickly for the market to
avoid more trouble. On the top side, the Thursday high areas
were rejected in the morning and the afternoon, and will
need to be exceeded/ held on a dip to break the downside
momentum. Even if that happens, don't expect the bounces to
stick, as the damage done this week will take a good deal of
work to undo.

June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1

1316.50-1317.00
1321.00-1321.50
1323.25-1324.00
1330.75-1331.75

June 2011 SP futures support
symbols: emini = esm1 / big contract =spm1

1310.50-1310.00
1305.00-1304.25
1302.50-1302.00
1298.25-1297.50

June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1

2334.50-2335.50
2341.75-2343.00
2348.75-2350.00
2357.75-2358.50

June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1

2322.50-2322.00
2315.25-2314.75
2308.50-2307.50
2300.50-2298.50

Good Trading,
Mike Reed

Copyright (c) 2011 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************

06/01/11 TradeStalker's E-Mini Futures Support and Resistance Updates

.................................................
TradeStalker's
Support and Resistance Update
6 / 1 / 2011
(Published Since 1996)
...............................................

Dateline: 6:42 pm eastern time, 6/1/2011

The market opened lower on Wednesday, and in short it was
selling from the opening to closing bell. The 1341.00-
1340.50 area on the ES as the key support early, and the
1341.00 level turned resistance in the first 15 minutes and
the market turned back down and calmly ground its way almost
all day. After an early afternoon bounce failed at 1331.25
the level it was obvious the market was in big trouble and
only the closing bell could stop the bleeding.

The extreme overbought status was completely relieved on
Wednesday. The complacent bullish mood was turned around in
a hurry too. The Vix was reversed and jumped more than 18%
on Wednesday. In addition, the closing Trin on Wednesday was
an extreme 4.36.

This doesn't look to be a 1 day event. On Thursday there
should be follow through selling, and if so then a bounce
back should have trouble after a test of the gaps occurs. If
that happens, and a bounce back tests 1311.15 and doesn't
reverse, then the ES still needs to get back over the
1314.25 level to put a small dent in the downside momentum
on Thursday. If that is cleared, then there is a lot of
resistance areas staggered above, and should provide a good
spot for a shorting opportunity. As for support areas, there
could be a bounce from around the 1308.25-1307.50 area on
the ES but even then it shouldn't get too far. Until the
market shows signs of strength, and does more than give the
feeble bounces that go 3-5 points on the ES and fail, the
market is still vulnerable with a test of the 1298.25-
1297.50 area on the ES still possible on this leg down.

June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1

1314.25
1317.50-1318.00
1321.00-1321.50 strong
1323.25-1324.00
1330.75-1331.75

June 2011 SP futures support
symbols: emini = esm1 / big contract =spm1

1311.25-1310.75
1308.25-1307.50
1302.50-1302.00
1298.25-1297.50

June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1

2324.50
2329.50-2330.00
2334.25-2335.25 strong
2341.75-2343.00
2348.75-2350.00

June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1

2318.50-2317.50
2311.50-2311.50
2300.50-2298.50
2290.50-2288.75

Good Trading,
Mike Reed

Copyright (c) 2011 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************

05/31/11 TradeStalker's E-Mini Futures Support and Resistance Updates

.................................................
TradeStalker's

Support and Resistance Update

5 / 31 / 2011

(Published Since 1996)
...............................................

Dateline: 7:10 pm eastern time, 5/31/2011

The ES gapped up over 12 points to open at 1342.50, which
was in the middle of the published 1342.25-1343.00
resistance zone. Since the market was overbought heading
into the trading day, this presented a good shorting
opportunity, especially since this area was a high that was
rejected in pre-market activity. After the open, the
1342.25-1343.00 zone was sold and the ES traded trend down
to the morning low 1335.75 just after 10:30 AM. After putting
in the morning low, the ES stalled and then traded in a
range between 1335.75 and 1338.25 until around noon, then
broke out to the downside and put in the daily low of
1333.25 just after 12:30 PM. After putting in the low, the ES
traded up to 1339 by 2:15 PM, breaking symmetry and putting
in the best bounce of the day. After a pullback to 1336.75
held support levels, the ES continued to move up and began a
very strong breakout to the upside around 3:45 PM. The
breakout resulted in the ES trading up to a new daily high
of 1345.75 shortly before the close, then pulled back to
settle at 1344.50.

At Tuesday's lows the SP and Dow cash both filled the gaps
on the daily charts (barely) while the Nasdaq stayed well
above its Friday high. In a way that is a bullish sign,
with Tech leading the move higher. On the flip side, that
will need to be filled in the not too distant future.

The daily indicators are still at overbought extremes. The
late run up should have trouble holding, and a decent
pullback should occur before the market tries to get back
into rally mode. That should start if/ when there is a
pullback of 2.25 points or more on the ES.

On Wednesday a higher open should set up a good shorting
opportunity if reversed in the first 20-30 minutes of
trading. If that plays out, then a drop to the 1341.00-
1340.50 area on the ES would need to hold to keep the
uptrend in gear. If that area is not able to show signs of a
turn, then a test of the afternoon low areas at the 1337.50-
1336.75 zone on the ES and the 2357.50-2357.00 area on the
NQ are both key support areas now. That is where the market
made a transition to the upside on Tuesday afternoon and
should be held if the market is going to stay out of
trouble. If those areas are reached, and not quickly
reversed back up, then the trends are changing and a decent
sized pullback should be underway.

On the upside, if a pullback can stay over the 1344 level in
the early going, it can avert a deeper drop and give another
push higher towards the 1348.00-1348.50 area on the ES
and/or the 2382.00-2383.00 area on the NQ before that
pullback starts. If the market gets there, and does not
reverse, then something odd is going on and it could mean a
little melt up towards 1351.50-1352.50 area but probably not
too much further.

June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1

1345.75-1346.25
1348.00-1348.50
1351.50-1352.50
1357.75-1358.25

June 2011 SP futures support
symbols: emini = esm1 / big contract =spm1

1344.00
1341.00-1340.50
1337.50-1336.75
1333.25-1332.50
1328.25-1327.25

June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1

2377.75-2378.50
2382.00-2383.00
2388.50-2389.50
2396.75-2398.00

June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1

2374.00-2373.50
2366.50-2365.50
2357.50-2357.00
2346.25-2344.50
2338.50-2337.50

Good Trading,
Mike Reed

Copyright (c) 2011 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************

05/30/11 TradeStalker's E-Mini Futures Support and Resistance Updates

.................................................

TradeStalker's

Support and Resistance Update

5 / 30 / 2011

(Published Since 1996)

...............................................

Dateline: 12:26 pm eastern time, 5/30/2011

The market gapped down from 1327 on the ES last Monday and
fell to 1308.75 by Wednesday morning to fill a gap left from
April 19 (at the listed 1309.50 level) as the market was
getting oversold. The ES turned back up and rallied back to
fill the gap left from Monday's lower open at 1327.00 by
Thursday afternoon, then pulled back again. On Friday that
1327 level was cleared and then turned into support. An
early rally was reversed at 1332.00 on Friday, and the first
pullback was then reversed back up after reaching 1326.75. A
rally to the 1332.75-1333.50 area failed (1333.75 was the
high) and then a drop back to that 1327.00 level occurred
again. Buying and short covering gave the market a lift back
to the 1330.50 afternoon high just before the close.

The market has been up 3 days in a row and the internal
gauges went from oversold to overbought in a hurry. My RBI
Oscillator is in sell territory and the 3 day thrust is at
+.67 (+/- .50 a normal extreme). That combo is something
that normally stops the upside, and more often then not will
usher in a decent selloff. This overbought combo last
occurred on May 10TH and the SP500 dropped 15 points on a
closing basis the next day. The Vix gave 1 of a possible 5
sell signals at Friday's close, and could give a couple of
others if it reverses on Tuesday. On the plus side, the
selloff to the 1308.75 low was reversed, and that was right
at the gap area, and it was defended. Also, once again the
SP500 did not spend much time under its 50 day moving
average before popping back over it. Another drop back under
that 50 day moving average will likely stick and bring on a
deeper drop.

The key on Tuesday will be holding that 1327 area on a dip,
it appears. On Tuesday we get the Chicago PMI at 9:45AM and
the Consumer Confidence release 30 minutes into the trading
day. If the initial resistance is not cleared / held or the
initial support is not defended, then the market is back in
some trouble again and bounces should be sold. If instead
the ES holds over the initial resistance areas, then a push
up towards the next resistance zones is likely in the cards
before a pullback occurs. If the ES does that, then the
pullback will need to hold around the Friday close at 1330
area, or quickly reverse if that's broken. Otherwise a test/
break of the 1327 area is next and possibly drop right
through it, and then head towards the next support zones to
see if there is a chance to get turned back up or continue
lower.

June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1

1331.50-1332.00
1334.25-1335.00
1338.25-1339.00
1342.25-1343.00

June 2011 SP futures support
symbols: emini = esm1 / big contract =spm1

1328.75
1327.00-1326.50
1323.25-1322.50
1318.00-1317.25
1312.50-1312.00

June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1

2336.25-2337.00
2342.50-2344.00
2348.50-2349.50
2353.25-2354.50

June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1

2331.00
2329.75-2328.75
2322.50-2322.00
2314.00-2312.25
2306.25-2305.25

Good Trading,
Mike Reed

Copyright (c) 2011 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************

05/26/11 TradeStalker's E-Mini Futures Support and Resistance Updates

.................................................
TradeStalker's
Support and Resistance Update
5 / 26 / 2011
(Published Since 1996)
...............................................

Dateline: 7:26 pm eastern time, 5/26/2011

The ES opened at the 1315.50-1315.00 initial support and
bounced 4.50 points to 1319.25 (just under key 1320 area)
and then dropped to the 1312.50 support. A bounce to to
1317.50, (60EMA on 5 min chart) failed, and made a wedge
pattern formed in the process. That was broken and a drop
back to 1312.50 followed. Buyers stepped in and a bounce
took out 1315.50 and continued to grind higher to test the
1324.00-1324.50 resistance zone. A rejection of this area
set up a scalp short, but 1322.50 held on the dip and then
another push higher took the ES to the 1327.00-1327.75 zone
before backing off. A dip held at 1323.50 and bounced back
to 1327.00 again, then a another drop reached 1323.25 around
the 4 PM close for stocks. Buying/ short covering came in
and 1327.00 was reached again just before settling.

The futures finally showed the ability to hold gains for a
switch on Thursday. The ES settled about 3 points above fair
value, so they need to hold the initial support on a
pullback or the move will begin to roll over. That also
coincides with the 60 period EMA on the 5 minute chart which
was a transition area on Thursday. On the top side, the
1327.00-1327.75 resistance on the ES was rejected twice late
on Thursday, so the end of day range should be important.
The initial support area held twice on dips also.

The daily internal gauges that were a bit oversold 2 days
ago are just 1 more up day away from getting overbought, so
I'm not expecting this to go too far before getting into
trouble again. On Friday morning I have no interest in
chasing an early rally, especially with the futures settling
well over fair value. We also get the Michigan Sentiment at
9:55 AM and then Pending Home Sales at 10:00 AM. If there is
early strength, it will likely be a gift shorting
opportunity for a test of the initial support areas. If
those areas are held again on a pullback, then the market
could get legs and run up and take out the initial
resistance and head towards the next resistance zones.
However, if the initial support zones are not held, then the
move is getting turned back down again and bounces should
then fail.

June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1

1327.50-1328.00
1330.50-1331.00
1332.75-1333.50
1336.50-1337.25

June 2011 SP futures support
symbols: emini = esm1 / big contract =spm1
1323.50-1323.00
1318.00-1317.50
1313.00-1312.50
1310.00-1309.50

June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1

2328.50-2329.00
2331.50-2332.00
2337.50-2338.50
2346.50-2348.00

June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1

2323.25-2322.50
2314.00-2312.50
2302.50-2301.75
2296.50-2294.75

---------------------------
REMINDER:
Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:
http://www.tradestalker.com/RBIchat.htm

---------------------------

Good Trading,
Mike Reed

Copyright (c) 2011 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.

We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************

05/25/11 TradeStalker's E-Mini Futures Support and Resistance Updates

.................................................
TradeStalker's
Support and Resistance Update
5 / 25 / 2011
(Published Since 1996)
...............................................

Dateline: 7:36 pm eastern time, 5/25/2011

In last night's update, I said to look for early weakness to
be bought and then for the first good bounce to fail. The ES
opened down 4.50 points and filled the gap left at 1309.50,
then traded up from the 1308.75 to 1315.00. That set up a
trade on the short side around 9:50AM as the bounce stalled
and pulled back at 1315.00, right at the 20 EMA on the 5-
minute chart and just under the published 1315.50 resistance
area. The pullback held just above the 1310.25-1309.50 zone
on the pullback, and then the market reversed and traded
higher to 1321.25 just before 12:00PM. That was sold, and
unable to get back over 1320 it lead to a drop to 1316.50
and the market turned back up. Around 3PM the ES took off
higher and reached 1324.50 in about 15 minutes. That was it
for the run-up, and the move gathered steam when 1322.50
wouldn't hold and and stayed trend down to 1316.25 as the
futures settled a bit under fair value on Wednesday.

The ES had a lower low and a higher high than it had on
Tuesday, and closed the day about in the middle of that
range. The short term internal gauges moved out of oversold
territory, so that prop has been removed. The action
continues to be poor, with bounces not able to hold. This
keeps trapping buyers chasing the move up, leaving more
resistance to cut through on bounces. Absent some kind of
spark, the bounces should continue to fail.

Don't expect early strength to hold on Thursday, as it will
take a break/ hold over the initial resistance areas (not a
rejection, which is expected) to dent the late Wednesday
downside momentum. A pop up there should be sold and a drop
that doesn't hold the 1315.50-1315.00 area on the ES opens
the door for a drop to at least the 1312.50 level, maybe
lower. If the market opens lower, then a bounce back is
likely but the initial resistance will still likely be sold.

IF the initial resistance areas are exceeded, then a
pullback should hold the 1316.25 area on a dip to avoid that
deeper pullback that is expected. If the 1320.00-1320.50
area on the ES is exceeded, and can hold on a dip, then move
to test/ break the Wednesday highs should be reversed. If
it's not, things could change short term at least until a
move to 1327-1328 is achieved where there should be strong
resistance.

June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1

1320.00-1320.50
1324.00-1324.50
1327.00-1327.75

June 2011 SP futures support
symbols: emini = esm1 / big contract =spm1

1315.50-1315.00
1312.25
1310.75-1310.25
1308.75-1308.00
1306.25-1305.50

June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1

2314.75-2315.50
2320.75-2321.75
2327.50-2328.50
June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1

2307.50-2306.50
2304.00
2302.00-2301.50
2297.25-2396.75
2292.50-2292.00

---------------------------

REMINDER:
Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:
http://www.tradestalker.com/RBIchat.htm

---------------------------

Good Trading,
Mike Reed
Copyright (c) 2011 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************