First of all, welcome to 2010 and I wish everyone the best!
Just an FYI -- tomorrow is the beginning of my last quarter at school, and I'm enrolled in five classes! This is in addition to a full-time job, so my schedule will be pretty crazy. I'm not sure if I'll be able to post the Key Levels and Scenarios every night, but will try to keep up with it. I graduate in March :)
E-Mini S&P 500 Futures
I'm anticipating a wide-range volatile trading day tomorrow. The average range of the first session of the year is 29.75 points, which means if we break out, we could tag the 1135-1142 area, and if we sell off, we could easily see the 1094s or even 1086s tomorrow. I'm anticipating a strong trend swing in the afternoon session. Please note that just because price has behaved a certain way in the past does not mean it WILL behave similarly tomorrow, but we can anticipate and prepare for the moves. Trades should be taken based on real-time market generated information.
The range expansion potential is pretty strong so I had to take two snapshots of the Key Levels chart to show the upside and downside support/resistance areas. I'd love to elaborate more on my thoughts for tomorrow, but it's already past 12:30 AM and I need to be up in 5 hours. Use the Overnight (Globex) High/Low to determine bias during the day session.
ISM Mfg Index and Construction Spending data out at 9:00 AM (CST) tomorrow morning. Trade well!
ES - Daily Bar Chart with Volume Profile and Key Levels
Upside Key Levels
Downside Key Levels