Thursday, March 11, 2010

Thursday 03/11/2010 - S&P 500 Futures Key Support/Resistance Levels

E-Mini S&P 500 Futures
Due to homework & final exams, I didn't have time to prepare the detailed Key Levels chart tonight. I did a quick analysis of the June S&P E-Mini Futures and came up with the following S/R Levels:

Support: 1133.75, 1128.50, 1121.25, 1117.50 (open gap), 1114.25-1115.50, 1109-1111.

Resistance: 1139.25, 1141-1143, 1146.25-1148.25, 1152, 1156, 1160

Anticipating a pickup in volatility due to several Econ Releases out tomorrow morning (catalysts). Don't forget to rollover to the June contract (ESM10)!

Econ Data
International Trade amd Jobless Claims at 7:30 AM (cst), EIA Natural Gas Report at 9:30 AM (cst), 30-Yr Bond Auction at 12:00 PM (cst), Fed Balance Sheet and Money Supply at 3:30 PM (cst).

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