Emini S&P 500 Futures Market Update 7/27/09
The emini S&P held the 966 level on Friday digesting the big move above 950′s from Thursday. The large institutional commitment above 950′s really projects the market on a longer term basis to 1000 on the S&P. The large moves of the day were very similar to most summer time trading days: off the open and just before market close. As we discussed in our trading chat room, patience and waiting for these moves to occur are part of the discipline that we teach in our methodology and our chat room.
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| S&P 500 Emini ES Futures Market Market Profile® TPO number’s: | ||||||||||||
| UVA (Upper Value Area) | 975.00 | |||||||||||
| POC (Point of Control) | 971 | |||||||||||
| LVA (Lower Value Area) | 966.25 | |||||||||||
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Posted: July 27, 2009
Category: Market Commentary
