September 13, 2010 – Key Test Coming? 

The rally continues at a steady pace as last week saw light gains on moderate volume.  The lack of volume is still a caution sign to us but price moves up.  There is likely a key test of the early August high at 1127.75 on ESU10 approaching. This area was heavy resistance during the early August consolidation.

With the ESU10 set to open near 1120 the stage is set for a challenge of those key levels this week.  Also, important for Monday’s trading is that Friday recorded inside days in most stock indexes and low volume narrow range days in many markets.  This sets the stage for potential breakout day today, Monday.  For short term trading purposes observe CLICK HERE to read more…

Past performance not indicative of future results. Futures trading involves substantial financial risk. Please consult your personal financial advisor before using this information for your own trading purposes.