Monday, March 1, 2010

Monday 03/01/2010 - E-Mini S&P 500 Futures Review/Analysis

E-Mini S&P 500 Futures Review/Analysis
As noted in the Key Levels & Scenario post, the first day of March is historically bullish. Looking at the 30-Min Volume Profile chart, we can see a quick rejection of the 1106.75-1108 area within the first hour of trading. From there, we saw heavy acceptance in the 1112.50-1114 area, followed by a minor upside extension that was met with Resistance. Anticipating 1109 to act as support in the overnight session.

ES 5-Minute Chart

ES 30-Min Volume Profile Chart

ES Day Session Volume Profile Chart

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