By Hedge Ly
Fairly quiet tonight, not to much going on. Though we did have a greatly muted futures ramp this evening, starting at 8pm @1137.25. The ramp moved the ES up into the 1140 level only to fall back. I hit earlier on twitter about the possibility fund managers are offering ES and whacking bids to stem the nearly automatic futures rise overnight. They could be doing this because they are dipping more short as we have been chopping at this level for a week now without any true confirmation of trend.
Notice the large pennant/flag down trending price range of lower HIGHS and lower LOWS.
Support 1137.25
Resistance 1139.75
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