A new month

By Lawrence

All 3 US indices are testing their respective resistance zone from below.

ES – A test of previous quarter / month / week high zone is in progress.

The distance among these levels are so close it is likely to hit the top of the zone.

Dow cash index already taken out its resistance zone as I typed.

NQ, however is bounded by its weekly R1 at the moment.


  • Lawrence Chan August 2, 2010 at 4:16 pm

    Market closed. Dow is clearly in the lead while ES just tagged slightly lower from Jun high, the top of the resistance zone.