Emini S&P 500 Futures Market Update 7/30/09
The emini S&P opened yesterday with a gap down and immediately on open the locals pushed to fill the gap. Just as quickly we filled the gap, the market rejected the 976 market profile level and rotated back down to the 971 area and then a further test of the market profile level of 966. Buyers came in and held the market above 966 and drove it to the other end of our bracket at 976′s and remained range bound for the remainder of the day only to see a late day rally to close on the highs. Trading has been great in our trading chat room, if you haven’t taken a look, sign up for a trial.
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| S&P 500 Emini ES Futures Market Market Profile® TPO number’s: | ||||||||||||||||
| UVA (Upper Value Area) | 971.50 | |||||||||||||||
| POC (Point of Control) | 970.00 | |||||||||||||||
| LVA (Lower Value Area) | 966.50 | |||||||||||||||
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Posted: July 30, 2009
Category: Market Commentary
