Emini S&P 500 Futures Market Update 7/16/09
The emini S&P 500 opened yesterday with a large professional gap and never looked back. The biggest pull back the market had off the long sided drive was a 2.5 points. It was definitely a day that was essential to understand market structure and market profile. Our trading chat room was long from the 3rd 3 minute candle and held the trade through mid lunchtime. This was a serious move rejecting lower levels and pushing the market back up to the 926 and 920 area.
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| S&P 500 Emini ES Futures Market Market Profile® TPO number’s: | ||||||||||||||||||||||
| UVA (Upper Value Area) | 930.25 | |||||||||||||||||||||
| POC (Point of Control) | 921.75 | |||||||||||||||||||||
| LVA (Lower Value Area) | 920.00 | |||||||||||||||||||||
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Posted: July 16, 2009
Category: Market Commentary
