![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhnOWbiHc65cK6x0cBWzchhZ7OAFE1pko4D_ZF2lf9YfCQlzmDK7gEClli1Shk-Km08Ld5ljXsw39t52H0SBkxfzUqiQzYackyJc9tw0EWlTpmFe3R1g9sfXTQYTUefwnxi_6PL/s400/ES120709b.gif)
Note how the 1110 area in the ES contract (above) has served as resistance all day, as well as at the late Friday rally. Prices have remained in a very narrow range; observe how volume has been muted all day. Recognizing the low volume has been key to not getting caught in breakout trades thus far.
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