Monday, January 25, 2010

Tuesday 01/26/2010 - S&P 500 Futures Key Support/Resistance Levels

E-Mini S&P 500 Futures
I feel we're due for a bounce here, but in the event that we don't get one, the resulting information will give us a clue as to how weak this market really is. So far, we're holding above that 1086-1088 area, and the plan is still to look for Buying opportunities in the 1080.50-1086 area. Below 1080, we could see a move to the 1060s. On the up side, the plan is to exit or scale out of Longs and begin looking for Selling opportunities in that 1109-1112 area.

Econ Data
Redbook at 7:55 AM (cst), S&P Case-Shiller HPI at 8:00 AM (cst), Consumer Confidence and State Street Investor Confidence Index at 9:00 AM (cst)

ES - Daily Chart with Volume Profile and Key Levels

No comments:

Post a Comment

At the minimum, please provide your name or Twitter handle when posting comments. Do not post as Anonymous. Comments that contain links to commercial websites will be marked as spam.