$ES Emini S&P 500 Futures Market Update 10/12/09
The emini S&P 500 opened with a small gap down on Friday and held the 1060 off the open. The gap was filled quickly as well as a move to test 1065 market profile area. The market remained range bound for the remainder of the morning and most of the afternoon trade. The S&P 500 broke out above the 1065 area late in the afternoon and closed on the highs. We expect to see lighter volume on Monday’s trade session due to Columbus Day.
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| S&P 500 Emini ES Futures Market Market Profile® TPO number’s: | ||
| UVA (Upper Value Area) | 1065.75 | |
| POC (Point of Control) | 1063.75 | |
| LVA (Lower Value Area) | 1062.2 | |
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Category: Market Commentary
