Friday, October 21, 2011

ES Futures Morning Report - R2 Pivot - 10/21/11

I find that the 5 minute chart works well when deciding if the Floor Trader Pivots will hold or fail as support or resistance. R2 first held as resistance near 1000 ET, but then its resistance failed near 1015 ET on the above 5-minute ES Futures chart. Currently, it is holding as support.


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