Monday, January 11, 2010

Monday 01/11/2010 - E-Mini S&P 500 Futures Review/Analysis

E-Mini S&P 500 Futures Review/Analysis
The 1148-1148.75 area I posted on Twitter last night worked out great. We got a bounce on first touch of the Initial Support Zone. Price never reached the Strong Support Zone, and instead double-bottomed ahead of that area, and managed to retrace above the mid-point but closed right under it (sign of weakness). I'm also continuing to see weakness in the other indexes, so will be careful on the Long side until ES closes above 1148.

ES 5-Minute Chart for 01/11/10 Includes Overnight Globex

1 comment:

  1. from what I'm seeing emini, seems you've got this market framed nicely and if those are trades, not too shabby!


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