Emini S&P 500 Futures Market Update 7/2/09
On Wednesday, the emini S&P 500 gapped up and attempted to test the critical 924 area and again didn’t find much institutional buying which led to a fade from the highs for the remainder of the day closing at the 919.50 area. Today is a holiday trade since the market is closed tomorrow, we are likely to see a nice trade off the monthly employment report and opening trade and then volume will taper off for the remainder of the day.
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| S&P 500 Emini ES Futures Market Market Profile® TPO number’s: | ||||||||||||||||||||||||||
| UVA (Upper Value Area) | 926.00 | |||||||||||||||||||||||||
| POC (Point of Control) | 924.00 | |||||||||||||||||||||||||
| LVA (Lower Value Area) | 920.75 | |||||||||||||||||||||||||
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Posted: July 2, 2009
Category: Market Commentary
