|30 min ES|
The low of the MARCH contract 1235 coincides with the SHELF which the index was placed on post ECB IMF BS financial times rumor. below this 1235 level in march and 1240 level in December we have a lot of air down to 1220.
notice the failure of the index to break over the almighty 200 day @ the 1266 level. Lots of sideways movement with big intra day swings. mainly in the overnight..