Emini S&P 500 Futures Market Update 6/22/09
After an interesting trade during options expiration week and quadruple witching, the trade should return back to normal today and prepare for the FOMC announcement later this week. The emini S&P 500 opened with a gap up on Friday and consolidated the overnight moves throughout the morning trade session and ground its way down to fill the gap in the lunchtime trade. The afternoon trade was contained within a 9 point range further exhibiting range bound nature of options expiration week.
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| S&P 500 Emini ES Futures Market Market Profile® TPO number’s: | ||||||||
| UVA (Upper Value Area) | 920.50 | |||||||
| POC (Point of Control) | 915.50 | |||||||
| LVA (Lower Value Area) | 914.00 | |||||||
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Posted: June 22, 2009
Category: Market Commentary
