Futures Market Update 2/19/09
Yesterday was options expiration Wednesday and true to the typical day during opex, the emini S&P remained range bound throughout the day session around the market profile TPO level of 789. Choppy price action was observed throughout the day and is another typical characteristic of the S&P 500 market during OPEX week. Today we look to see this choppy market trade subside toward the afternoon session.
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| S&P 500 Emini ES Futures Market Market Profile® TPO number’s: | |
| UVA | 790.25 |
| POC | 785.75 |
| LVA | 782.25 |
| Dow Jones Euro stoxx 50 FESX Eurex Market Profile® TPO number’s: | |
| UVA | 2126 |
| POC | 2108 |
| LVA | 2100 |
Posted: Feb 19, 2009 @ 12:04 am
Category: Market Commentary
