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TFC Commodity Trading Forum

Re: Dx ??/EC/ES/Trades/Lee *PIC*
In Response To: Re: Dx ??/Trades/ ()

Keep in mind the Euro and the SPX are closely correlated. And the ES is bumping 1344 support for the 4th time in a row. Price can't keep bumping a support level continuously without breaking it. Can't seem to get off the ground either. This does suggest 'something' ugly out there that is about to hit the fan. Meanwhile support is support so watch the 1344 level to rally off of or fail and breakdown. Big test of ES, EC and DX right now! You definitely don't want to be on the wrong side of them.