E-Mini S&P 500 Futures Review/Analysis
The Key Levels posted last night provided great trade location today. You made out quite well even if you blindly went Long at the Support Zones and Shorted the Resistance Levels. That 1127-1129 was a "must-buy" area on first touch. 1128.50 is an important High Volume node on the larger time-frame. If you didn't go Long around 1128, you have to ask yourself "what was the risk?" -- the answer is 2 points, tops! Check out the annotated chart to see how the levels played out.
ES 5-Minute Chart for 01/12/10