Your MUST-READ Morning Stock Futures Cheat Sheet:Bulls trying to hold on

The exclusive Markets Morning Report is supplied by The Precision Report.

The Precise Take – Bulls trying to hold on

Big Picture Analysis:  After an opening drive on Friday, the ES stalled out at 1214.75.  We wrote that the bulls might be in trouble should the ES trade below the trend channel on the 60 minute, and that is where it is now.

Trading Today:   Below are marked the support and resistance areas.

Today’s  Scheduled News (all times EDT)

Major Market Movers
Housing Price Idx at 10:00 am

Minor Market Movers
None

Tomorrow’s Scheduled News

Major Market Movers
Housing Starts at 10:00 am

Minor Market Movers
None


Click above images for larger charts.

More from The Cheat Sheet