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ER2 chart updated: Short at 659: http://tinypic.com/view/?pic=fjkq6w

Going short near 659 - the pivot line. will see what happens.

Out at 658.40. near the 50% fib retracement.

Trading nears its low of the day yesterday 656: Lo0king for entry here, target 658.5 (near 50% fib retracement) http://tinypic.com/view/?pic=fjkh95

Consider to go long near 657 here. But it is nearing 10:00 AM, it always dips some around 10:00 AM, will wait after 10:00 AM, then go long for a trade on that dip.

Covered 657.20 to 657.50

Too close to the bottom. Going long soon if 657.50 holds.

But from what I see, ER2 is the leading index. ER2 moves ahead of YM or ES.

That's the support so far.

Shorted at 659.40 http://tinypic.com/view/?pic=fjkbk0

Today, I am looking ER2's trading range between 657 to 661.70. If it drops below 656 again, looking at 653.60 as the next support. However, on the upside, if it breaks 662.40 with strong volume, looking for 665.5 as the next target.

Looking at the trendline: http://tinyurl.com/aajbn

Just trade ER2. All posts or comments on ER2 trading are welcome!