Emini S&P 500 Futures Market Update 7/28/09
The emini S&P opened yesterday with a gap down and consolidated about the 976 area. Locals finally grabbed the traction of the market after the housing report news and closed the gap, only to quickly reject higher levels and test the 969 area. The remainder of the lunch trade was consolidation until an afternoon break to the upside.
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| S&P 500 Emini ES Futures Market Market Profile® TPO number’s: | ||||||||||||||||||
| UVA (Upper Value Area) | 976.50 | |||||||||||||||||
| POC (Point of Control) | 974.25 | |||||||||||||||||
| LVA (Lower Value Area) | 971.50 | |||||||||||||||||
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Posted: July 28, 2009
Category: Market Commentary
