Friday, February 12, 2010

Friday 02/12/2010 - S&P 500 Futures Key Support/Resistance Levels

E-Mini S&P 500 Futures
Bulls have shown continued strength over the last couple of days. With the host of econ data coming out tomorrow, we could get strong movements in either direction. We have solid support areas below, and I would expect rotation on first touch. We also have well defined Resistance Areas above. There's an open gap at 1096.25, and that level could act as magnet if buyers continue pushing prices higher.

Econ Data
Retail Sales at 7:30 AM (cst), Consumer Sentiment at 8:55 AM (cst), Business Inventories at 9:00 AM (cst), EIA Natural Gas Report at 9:30 AM (cst), EIA Petroleum Status Report at 10:00 AM (cst), Treasury Budget at 1:00 PM (cst)

ES - Daily Chart with Volume Profile and Key Levels

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