E-Mini S&P 500 Futures Review/Analysis
Although the day began with some choppy price action, price respected the Key Levels very nicely, and put in a solid up trend once it broke above the IB High. As I mentioned earlier this week, that 1054-1055 area was Key Support for Bulls, and the Low of Day was 1057.50. The afternoon was a bit frustrating since price just consolidated near the highs. 1072.25 was identified as a Key Pivot/Support Level and I posted about it on Twitter/StockTwits. That Level held all afternoon. Lets see if Bulls can maintain control going into tomorrow.
ES 5-Minute Chart for 02/11/10
ES 30-Min Volume Profile Chart for 02/11/10
ES Day Session Volume Profile Chart for 02/11/10