ES (emini SP 500) Daily Technicals & Stats

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increasenow

As of July 2, 2008...11:19pm New York time:

ES

1 pt=$50

Example: 3 pt move=$150

1250 is the key number on the downside...we are at a triple bottom...any breach of this would mean further downside...serious downfall...

1280 is the key number on the upside...we must see a close over 1280 to see the triple bottom be a 'bullish' triple bottom
 
average daily volume: 2.5 million contracts traded
average true range: 21.67 points
historic volatility: 16.67%

The ES is under the 5-200 day moving averages...this is a serious bearish indicator...but...could be the bottom...

the 9 day RSI and MACD suggest the ES is bearish...yet...could mean oversold and a turn around (bottom) is near...
 
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