E-Mini S&P 500 Futures (Options Expiration / Quadruple Witching)
The key levels and scenario posted last night worked very well today. I posted "we may get a small range extension to the downside, but I'm expecting the 1088s to hold as support" -- that worked out nicely. We got a 2.25 point range extension beyond yesterday's Low of 1090.75. Responsive buyers came in at 1088.50 and pushed price back into the Initial Balance. Beyond that, I was anticipating a test of the IB high, and we got that as well. Overall, the scenario worked out great! I hope you banked some $$$ going into the weekend! Review my annotated 5-minute chart for details.
ES 5-Minute Chart for 12/18/09 Includes Overnight Globex