Wednesday, February 3, 2010

Thursday 02/04/2010 - S&P 500 Futures Key Support/Resistance Levels

E-Mini S&P 500 Futures
Inside days account for around 10% of all trading days in the S&Ps, and are typically followed by range expansion, so that's the anticipation for tomorrow. On the upside, I think we can easily tag the 1105-1107 area, and on the downside 1084-1086 shouldn't be an issue. The day session range on this retracement back up has been around 18-20 points. I'm anticipating the range to be less than that tomorrow due to the Non-farm Payroll release on Friday

Econ Data
Jobless Claims and Productivity and Costs at 7:30 AM (cst), Factory Orders at 9:00 AM (cst), EIA Natural Gas Report at 9:30 AM (cst).

ES - Daily Chart with Volume Profile and Key Levels

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