Sunday, February 14, 2010

Friday 02/12/2010 - E-Mini S&P 500 Futures Review/Analysis

E-Mini S&P 500 Futures Review/Analysis
Had a great time on Friday, although those afternoon pullbacks went a little deeper than I expected. On the late afternoon pullback, we had Mid-Point, VWAP, and IB High as Support, which provided a solid bounce with a close at the High of Day. Given the strong close, I'm anticipating continuation into the next trading session. It looks like price could have gone higher but ran out of time.

Btw, I will begin trading Crude in the near future so if I get time, I may post Key Levels and Review for Crude as well.

ES 5-Minute Chart for 02/12/10

ES 30-Min Volume Profile Chart for 02/12/10

ES Day Session Volume Profile Chart for 02/12/10


  1. Hi EP,

    Nice one, as always, though I have my doubts about the move at the close; it seemed quite artificial to me. Whatever that might say.

    I wondered which software you use?

    Greetz, Roberto

  2. You may be right re continuation on Tuesday. On the other hand I saw commercials selling into the rally on Friday and I'm looking for a pump and dump. S&P getting close to 34EMA, so anticipating a kiss and move down. Be cautious.

  3. Thanks for the heads-up guys. We certainly have some well-defined areas of Resistance above, but at the same time, Buyers have been Active this past week. I'll be looking for rotation at Areas of Support until I see the control shift towards the Sellers. Breaking down through 1064 would be the first indication of Buyers losing control.


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