Thursday, March 4, 2010

Thursday 03/04/2010 - E-Mini S&P 500 Futures Review/Analysis

E-Mini S&P 500 Futures Review/Analysis
The best opportunities of the day were early in the morning; Shorting the Strong Resistance area, and entering Long after Responsive Buyers came in and quickly rejected the 1115.50 Level (overnight support area). Following those two swings, Price remained in a narrow 4-5 point range for better part of the day. The range trade and real-time support/resistance levels were posted on Twitter/StockTwits in real-time. I also noted an improvement in market internals, and posted about it on Twitter/StockTwits before noon (cst). Market internals continued improving into the afternoon, and we got a move out of the range (value). Overall, a choppy day, but what do you expect when price is so close to a big area of resistance ahead of non-farm payroll data?

ES 5-Minute Chart

ES 30-Min Volume Profile Chart

ES Day Session Volume Profile Chart


  1. Just curious, the red and green arrows that show up on your chart, are they just pivot point indicators that show up after the highs and lows are posted or are they a real time indicator?

  2. Brendan, I manually plot those arrows in as low-risk areas to initiate trades. Some of the arrows are trades I took (e.g. I was long at 14.25 overnight).


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