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ESZ11: Sunday night

10/16/2011

5:42EST

ESZ11:

Tonight’s open appears to be void of any large gaps (up/down)

As such the opening move is down (1216.00)

1214.50 is the immediate support level (not remarkably strong, nor weak)

1208.00/1200.75 is pivotal support for 1225.00

Not taking out 1213.75 and 1221.50 within 23 minutes after the open

Takes us down to 1206.00/1207.00

But we do have new support OAV (NYSE:BB) now term at 1208.00

In the event the 1206.00/1207.00 level fails to hold then its down to 1192.00 (highly doubtful)

I’m looking for a dip down on the open and then up to 1225.00 (min.)

1208.00 to 1210.25 is pivotal support for 1225/1226