Emini S&P 500 Futures Market Update 7/31/09

| July 31, 2009 | 0 Comments

Futures Market Update

The emini S&P opened with a professional gap up yesterday and rallied to 994s right off the opening drive and held the bid for the remainder of the day.  A late day sell off surprised many as the market closed on the lows.   Quite an eye sore on a daily chart considering the large institutional buying move in the morning. 

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S&P 500 Emini ES Futures Market Market Profile® TPO number’s:
UVA (Upper Value Area) 992.25
POC (Point of Control) 989.50
LVA (Lower Value Area) 987.00
 

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Category: Market Commentary

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