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EBES

  • Large caps outperformed small caps
  • ES broke out of trading range of previous week

2007-08-18-tos_charts_eb.png2007-08-18-tos_charts_es.png

  • Small and large caps were flat for the week
  • Support and resistance areas held from last week

EB7UG

  1. Long entry at 745 around 1:15. Initial stop at 740. Stopped around 760 for +3R.
  2. Long entry at 750 around 3:30. Initial stop at 747. Exit around 771 for +7R.

ES7UG

  1. Short entry on break below 1,430 around 2:45. Initial stop at 1,435. Exit around 1,412.5 for +3.5R.

EB7UG

  1. Short entry at 785 around 10:00. Initial stop at 788. Stopped around 775 for +3.3R.