S&P 500 Futures Market Update 4/28/09
The S&P 500 emini futures had a range bound day on Monday which has been the nature of the S&P 500 trade as of late. The market did move and hold all the way up to our 865.25 area as mentioned in our premarket commentary in our trading chat room. Over the lunch time trade, the 865 area was rejected and locals pushed the market all the way back down to test the lows of the session. At the lows, support of the market open, Friday’s low and another study indicatated this area would hold. The afternoon session brought on increased choppiness in the trade as locals were not able to drive the market to find institutional interest.
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| S&P 500 Emini ES Futures Market Market Profile® TPO number’s: | ||||||||||||||
| UVA (Upper Value Area) | 859.25 | |||||||||||||
| POC (Point of Control) | 855.50 | |||||||||||||
| LVA (Lower Value Area) | 851.25 | |||||||||||||
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Posted: April, 28 2009 @ 8:43 am
Category: Market Commentary
