Wednesday, December 30, 2009

Wednesday 12/30/2009 - E-Mini S&P 500 Futures Review

E-Mini S&P 500 Futures Review/Analysis
1110.75-1112 was posted as a Strong Support Zone, and we saw responsive buyers come in at 1113, and push price higher. 1122-1125 was an Area of Resistance, and that held as well. Price remained range-bound within the Initial Balance for the entire day session. Check out the annotated 5-min chart below to see how the day played out.

ES 5-Minute Chart for 12/30/09 Includes Overnight Globex
ES 5-Minute Chart for 12/30/09

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