Emini S&P 500 Futures Market Update 7/20/09
The emini S&P 500 held a tight 7 point consolidation range throughout the entire day Friday. Continuing to hold these levels and reject the previous attempt to take out lower value shows the short term acceptance of the continued consolidation range traded of the last month. Now with options expiration behind us, we commented quite a few times in our trading chat room about the lack of opex choppy price action usually seen on opitions expiration week.
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| S&P 500 Emini ES Futures Market Market Profile® TPO number’s: | ||||||||||
| UVA (Upper Value Area) | 936.50 | |||||||||
| POC (Point of Control) | 935.50 | |||||||||
| LVA (Lower Value Area) | 933.25 | |||||||||
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Posted: July 20, 2009
Category: Market Commentary
