TradeStalker's
Support and Resistance Update
3 / 17 / 2011
(Published Since 1996)
...............................................
Dateline: 5:46 pm eastern time, 3/17/2011
Tonight's update is a short one due to prior commitment. The
market was up big to start the day but had good moves both
ways. For now, the early afternoon lows around 1261.50 on
the ES and 11700 on the Dow cash look like key support to
hold to avoid a bad end to the week. The Nasdaq futures NQ
looks vulnerable, and should lead the way on Friday. It's an
option expiration day, and with the recent damage done, it
should be hard to hold gains.
There will be no updates sent on Friday. I will try to
Instant message early, but will be taking off early, so the
next nightly update will be sent on Sunday night.
June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1
1272.00-1272.50
1276.00-1277.00
1283.75-1284.50
June2011 SP futures support
symbols: emini = esm1 / big contract =spm1
1265.50-1265.00
1262.00-1261.50 [and 11700 area on Dow CASH]
1258.25-1257.50
1251.00-1250.50
1244.00-1243.50
June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1
2230.75-2232.25
2243.25-2245.25
2252.50-2254.00
June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1
2220.25-2218.75
2214.00-2212.50
2208.25-2207.50
2200.75-2200.00
2187.50-2186.50
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Good Trading,
Mike Reed
Copyright (c) 2011 by TradeStalker.com, Ft Wayne, IN.
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Disclaimer
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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.
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