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[Master Che]

11/15/11 CLOSING COMMENTS: ESZ11: Tricky levels If we reach 1253.25 on the current pullback (from 1262.25) then it’s quite possible we trade nowhere until tomorrow; the key is if 1252.75 holds. The immediate move is up although it could chop all night If 1253.25 holds then clearly up to 1271.75/1272.00 before the open tomorrow 1271.75 is a key infliction level; meaning at 1271.75/1272.00 we will immediately pullback If the pullback holds 1252.75 then back up to 1275.50 The overnight should chop and churn at worse; or simply head straight up to 1271.75/1272.00; in the event we head then 1264.50/1265.75 is the immediate resistance