Emini S&P 500 Futures Market Update 8/10/09
The emini S&P opened with a professional gap up yesterday and the gap fill was held by the power of market profile and the round 1000 level. After this test of the lows, institutiional buying came in a drove the market to mutli-month highs of 1016.00. The new highs found buyers willing to take profits and sellers trying to complete the downside move to 1007.
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| S&P 500 Emini ES Futures Market Market Profile® TPO number’s: | ||||||||
| UVA (Upper Value Area) | 1013.25 | |||||||
| POC (Point of Control) | 1010.00 | |||||||
| LVA (Lower Value Area) | 1005.50 | |||||||
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Category: Market Commentary
