Tag: "Market Profile"
Emini S&P 500 Futures Market Update 8/11/09
Futures Market Update The emini S&P tested the market profile level of 1005.25 in a very choppy manner and finally found that there was little interest up there so locals pushed the market lower looking for participation. It was a very light volume, summer time trade day and locals tried to push the market past [...]
View PostEmini S&P 500 Futures Market Update 8/10/09
Futures Market Update The emini S&P opened with a professional gap up yesterday and the gap fill was held by the power of market profile and the round 1000 level. After this test of the lows, institutiional buying came in a drove the market to mutli-month highs of 1016.00. The new highs found buyers willing [...]
Emini S&P 500 Futures Market Update 8/7/09
Futures Market Update The emini S&P opened with a gap up yesterday only to fill the gap immediately and continue its move to 993 market profile area. This remained an area of importance for the remainder of the day as well as the test of the lower levels was the first break down selling in [...]
Emini S&P 500 Futures Market Update 8/5/09
Futures Market Update The emini S&P opened with a large gap down and tested the bottom and top side of the market profile bracket soon after market open and kept the range going into lunch. In the late morning session the market broke above the 999 level to retest institutional interest above the 1000 level. [...]
Emini S&P 500 Futures Market Update 7/31/09
Futures Market Update The emini S&P opened with a professional gap up yesterday and rallied to 994s right off the opening drive and held the bid for the remainder of the day. A late day sell off surprised many as the market closed on the lows. Quite an eye sore on a daily chart considering [...]
Emini S&P 500 Futures Market Update 7/29/09
Futures Market Update The emini S&P opened yesterday with a gap down and immediately on open the locals pushed to fill the gap. Just as quickly we filled the gap, the market rejected the 976 market profile level and rotated back down to the 971 area and then a further test of the market profile [...]
Emini S&P 500 Futures Market Update 7/28/09
Futures Market Update The emini S&P opened yesterday with a gap down and consolidated about the 976 area. Locals finally grabbed the traction of the market after the housing report news and closed the gap, only to quickly reject higher levels and test the 969 area. The remainder of the lunch trade was consolidation until [...]
Emini S&P 500 Futures Market Update 7/24/09
Futures Market Update Yesterday was the big day in the emini S&P 500 that we were watching for during the last 2 months of consolidation. A break of the 950 area brought in huge institutional activity and quickly drove the market to 975 area. We are now trading in uncharted territory from last fall and [...]
Emini S&P 500 Futures Market Update 7/23/09
Futures Market Update The emini S&P 500 opened with a professional gap down and the locals immediately grabbed control of the buy side activity and closed the gap up through our the market profile levels of 949 and 951.25. For the remainder of the morning, the market congested around the 51.25 area with a late [...]
Emini SP update Aug 24 2009
The SP’s continue push to new contract highs but also continue to diverge from volume and momentum. As we’ve discussed, this is a normal situation for August, as these two weeks are generally the lowest volume of the year. It also further demonstrates how blindly relying on a single concept or pattern without regard to the [...]
View Post