The ES Sags-- in the Absence of Positive Greek News? Headline Risk Lives!

Below is what we discussed early this morning... Nothing has changed... yet...

The bullish coil that we were discussing throughout yesterday's session is history, now that the e-SPU has traded beneath 2111-2110, which has morphed the rest-digestion period into a more traditional correction of the upmove from the June 16 low at 2062 to the June 22 high at 2122.

Key support resides at 2100-2097, which must contain forthcoming weakness to preserve the bullish-form of the upleg off of the June 16 low.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!