E-Mini S&P 500 Futures Review/Analysis
I received a few Thank You messages today from traders who used the Key Levels & Scenario from last night and got great trade location. Just want to say You're Welcome, and I'm glad you all banked some profits today. Knowing that others are benefiting from this information makes it worthwhile to post on here.
My bias was bullish above 1127, and that level held in overnight trade as well as the day session. 1132.50 was posted as the Overnight Resistance, and that worked out to the tick, with the IB High being set at 1132.50. The 1135 resistance level also worked to the tick and ES pulled back 2.50 points on first touch. It took a few attempts to make it through that area. ES also pulled back 4 points from the Range Extension Zone and put in a strong close at 1137.75.
Nonfarm Payrolls out tomorrow at 7:30 AM (cst). Key Levels post coming later tonight.
ES 5-Minute Chart for 01/07/10 Includes Overnight Globex