Monday, March 22, 2010

Monday 03/22/2010 - S&P 500 Futures Key Support/Resistance Levels

E-Mini S&P 500 Futures
The House approved the health-care bill earlier today, and the S&P 500 futures have responded by opening gap down, and are currently trading at 1151. After the trend down on Friday, the primary plan for tomorrow is to short the bounces into the Resistance Areas. My Bull/Bear Line in Sand is 1156.75; I'll actively be looking for short-sell setups below that level. I'll consider Longs within the Key Support Areas, but they will be treated as counter-trend scalps until I see stronger buyers enter the market and push price above 1156.75.

Econ Data
No scheduled econ release. The health-care bill and any news out of Greece.

ES - Daily Chart with Volume Profile and Key Levels

1 comment:

  1. Congrats on finishing your degree. I wish you well as you continue your trading journey. Keep up the good work.


At the minimum, please provide your name or Twitter handle when posting comments. Do not post as Anonymous. Comments that contain links to commercial websites will be marked as spam.