S&P 500 Futures Market Update 5/12/09
After a few days of large ranges, the S&P 500 opened up with a 12 point gap down, caught its breath and consolidated the large moves over the last few trading days. The 916.50 level was critical to the upside and the level held throughout the day. We will closely monitor these critical levels as options expiration starts to get underway.
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| S&P 500 Emini ES Futures Market Market Profile® TPO number’s: | ||||||||||||
| UVA (Upper Value Area) | 913.50 | |||||||||||
| POC (Point of Control) | 912.00 | |||||||||||
| LVA (Lower Value Area) | 909.00 | |||||||||||
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Posted: May 12, 2009
Category: Market Commentary
