Emini S&P 500 Futures Market Update 8/19/09
The emini S&P opened yesterday with a gap up yesterday and filled the imbalance gap quickly after a choppy open. Once the gap was filled the market drove for higher highs trying to test higher value and fill the longer term gap from Friday. Overall, the trade was typical for an August summer trade with the choppiness of options expiration coming into play as well.
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| S&P 500 Emini ES Futures Market Market Profile® TPO number’s: | ||||||
| UVA (Upper Value Area) | 989.75 | |||||
| POC (Point of Control) | 987.50 | |||||
| LVA (Lower Value Area) | 984.50 | |||||
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Category: Market Commentary
