- That’s the approximate center of the new range on the ES S&P 500 futures.
Which looks a lot like the old range. It’s just wider. Any trading between 4488 and 4502 now is essentially noise. Not much you can do with an often crossed range of less than 1%. There are resistance lines about every 2-3 points on the way back up and only a little air to 4469 in a fall.
Even when they break the range, there are trendlines and sport and resistance levels every 5-10 points to contend with. My advice to to enjoy what’s left of traditional summer.
Things should start to get interesting thereafter.
QE Still = 100% of Treasury Issuance, But Coming Change = Crash
And for your longer term listening and dining pleasure:
This Could Be the Start of Something Big for Gold
Here are the Keys as the Trend is Intact, But on Edge
Chart Picks – 4 New Picks From Friday’s Swing Trade Screen
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