Wednesday, January 14, 2009

ES testing 852-856 strong support area

















with worse than expected retail sales data this morning,ES gap down open below the strong support area 852-856,we need a daily close below it to see more downside movement,support level are 830/822/815,we will test 785/740 after a daily close below 815.













UJ is testing 89 area, a test of 87 area is in the card if a daily close below 8850.we need uj to close below 89 to confirm ES's close below 850.









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us 10yrs note are testing 12680 area resistant,we need it to close above that to see more stock weakness.stay tune.

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