Emini S&P 500 Futures Market Update 6/25/09
The emini S&P 500 traded higher going into the FOMC announement yesterday. The initial move upward off the opening gap drove the market to the market profile level of 906.50 which held the top side of the market. The remainder of the day before the FOMC annoucement consolidated the move upward only to reject it after the FOMC announcement. The market retested 898 and then 892 which held the market to the bottom side as we expected and discussed in our trading chat room
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| S&P 500 Emini ES Futures Market Market Profile® TPO number’s: | ||||||||||||||||||||||
| UVA (Upper Value Area) | 905.75 | |||||||||||||||||||||
| POC (Point of Control) | 903.00 | |||||||||||||||||||||
| LVA (Lower Value Area) | 897.00 | |||||||||||||||||||||
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Posted: June 25, 2009
Category: Market Commentary
