ES review 10/17/12

“Large ranges give way to small ranges”

– Larry Williams

Yesterday I wrote:

1433.75 1443.75/1444.25 MCLVN, dividing area between balances
1446.75 CLVN
1450 – edge of upper distribution
1453/1456.75 CHVN’s

Here is how the levels worked out:

The minor LVN’s were Resistance pre-market but the Major LVN became support in the day session yesterday and the Asian/European overnight session.

I never really read anything that convincing about LVN’s however this is worth a watch bellcurvetrading webinar.

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