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Re: rimshot post# 10

Monday, 06/11/2012 2:45:39 PM

Monday, June 11, 2012 2:45:39 PM

Post# of 368
ES intraday horiz. inflection level now operative, as of this 2:42 pm eastern time update, June 11th

ES $1315 to $1316 is a must recapture level, for any sustainable intraday upside to occur into day's end today

imo, though this is approx. 75% solid for the potential horizontal resistance
for the next try #1 or #2 or #3 attempt, if any such tests from below during the rest of today ...
I give it a high confidence for interpretation of the future price action, but not any higher confidence than perhaps 75% confidence level, at the best

I do not view $1315/$1316 as the bull/bear divider for the rest of today, simply strong horizontal resistance from here to the close

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