Tuesday, February 16, 2010

Tuesday 02/16/2010 - E-Mini S&P 500 Futures Review/Analysis

E-Mini S&P 500 Futures Review/Analysis
The Key Levels and Scenario posted last night played out well, and although I was too busy to put on any trades, my view of the market was clear and I wasn't looking for Shorting opportunities into the up-trend. I mention this because a year ago, this was not the case and I would have been fighting the trend all day. But today's price action, although boring for better part of the day, seemed very clear to me. The NYSE TICK spent majority of the day above the zero line, with modest moves down to the -600 area. Looking at the 30-minute Day Session Profile, we can see that price remained above the IB High from 10:30 AM (cst) on.

ES 5-Minute Chart for 02/16/10

ES 30-Min Volume Profile Chart for 02/16/10

ES Day Session Volume Profile Chart for 02/16/10

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