Emini S&P 500 Futures Market Update 9/1/09
The emini S&P market opened yesterday with a professional gap downward to test the lower side of the consolidation range we have been trading in over the last 2 weeks. The market profile level of 1016 was quite important to test and the market consolidated around the level for the remainder of the day. Of interest to note off the open was institutional selling in a consistent and heavy manner which we haven’t seen in quite some time.
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| S&P 500 Emini ES Futures Market Market Profile® TPO number’s: | ||||||||||||||
| UVA (Upper Value Area) | 1018.50 | |||||||||||||
| POC (Point of Control) | 1016.75 | |||||||||||||
| LVA (Lower Value Area) | 1015.00 | |||||||||||||
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Category: Market Commentary
