Wednesday, January 13, 2010

Wed. 01/13/2010 - E-Mini S&P 500 Futures Review/Analysis

E-Mini S&P 500 Futures Review/Analysis
The Key Levels provided excellent trade location today for entries and exits (I was Long at 1130.25 in the morning and Short at 1145.00 in the afternoon). Responsive Buyers came in as price approached the 1128 area, and quickly returned price to the Initial Balance High. After consolidating in the 1138.50-1141 area for a couple of hours, ES broke out again to the upside and filled the open gap at 1142.50, followed by running into the Initial Resistance Zone. Despite some profit taking in the last 20 minutes of the session, price closed strong above the Value Area and IB High. Based on the strong close, I'm anticipating continued upside into tomorrow's session as long as price remains above 1141 (note: tomorrow morning's Econ Releases could throw this scenario off).

ES 5-Minute Chart for 01/13/10


  1. Your chart does not show the drammatic volume trade at 12:03pm. I was wondering how you were able to neglect that data point on your chart?

  2. Hi, I don't know why it's not showing up on the chart. It's showing up on my day session chart, and my tick charts, but not showing up on the 5-min continuous session chart. I'm aware of the "fat finger" 200,000+ contract volume spike since I use multiple charts, but I didn't notice it on this one. Good catch! I'll have to clear out the TradeStation data cache and see if that fixes it.


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