Emini S&P 500 Futures Market Update 7/22/09
The emini S&P 500 opened with slight gap up which the locals drive and filled quickly. The remainder of the morning was spent in consolidation and eventually brokeout to the downside to test our market profile level of 940 which quickly found buyers. Buyers continued to push the market to the highs by the end of the day, closing above the important 950 level. Look for more institutional buying interest today.
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| S&P 500 Emini ES Futures Market Market Profile® TPO number’s: | ||||||
| UVA (Upper Value Area) | 951.25 | |||||
| POC (Point of Control) | 947.25 | |||||
| LVA (Lower Value Area) | 943.00 | |||||
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Posted: July 22, 2009
Category: Market Commentary
