Thursday, February 18, 2010

Thursday 02/18/2010 - E-Mini S&P 500 Futures Review/Analysis

E-Mini S&P 500 Futures Review/Analysis
The Key Levels and Scenario played out beautifully today! The 1094.25-1096.25 area even provided a nice bounce on the after-hours Fed rate announcement, which caused the ES to dump 10.25 points in a single 5-minute bar. I was expecting a pullback in that 1106-1107 area anyway, so I'm not too concerned about the after-hours drop. I see that quick move down as mostly hedging activity and will look towards tomorrow's Cash Open and Initial Balance for clarity on direction. Bias will be Bullish if ES holds 1093 Level in the overnight Globex session.

ES 5-Minute Chart for 02/18/10

ES 30-Min Volume Profile Chart for 02/18/10

ES Day Session Volume Profile Chart for 02/18/10

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