Emini S&P 500 Futures Market Update 7/8/09

MikeB | July 8, 2009 | 1 Comment

Futures Market Update

The emini S&P 500 opened with a slight gap down and never looked back to fill the gap.   There was one attempt during the lunchtime trade that buyers stepped in and pushed the market above the market profile level of 885 and up to 888, but couldn’t grab hold of the market further upward.  The market broke down further testing levels and price areas not seen since the beginning of May.

Upcoming Financial News Announcements (EST):

 

07:00 MBA Purchase Applications
10:30 EIA Petroleum Status Report
01:00 10-Yr Note Auction
03:00 Consumer Credit
 
S&P 500 Emini ES Futures Market Market Profile® TPO number’s:
UVA (Upper Value Area) 888.50
POC (Point of Control) 885.25
LVA (Lower Value Area) 879.25
 

Take a 2 week trial of our trading chat room.  Watch the Trading Zone methodology and trades called LIVE and REAL TIME. 

www.thetradingzone.com/emini-chat-room

 

Check out our Twitter page: www.Twitter.com/TheTradingZone

Become a follower of TheTradingZone on Twitter and receive all of our tweet updates.  We are the leader in #emini tweets.

Twitter Logo

 Posted: July 8, 2009

Tags: ,

Category: Market Commentary

About MikeB: View author profile.

Comments (1)

Trackback URL | Comments RSS Feed

  1. Bellmore Trader says:

    Thank you for posting the daily TPO numbers. Is it possible to post them earlier in the morning?

Leave a Reply




If you want a picture to show with your comment, go get a Gravatar.