Wednesday, March 3, 2010

Wed. 03/03/2010 - S&P 500 Futures Key Support/Resistance Levels

E-Mini S&P 500 Futures
It's already almost 2:30 AM here, so will keep the notes brief tonight. Currently, the Buyers are clearly in control but price is heading into a heavy area of resistance (1125-1128). In my opinion, that area will be the true test of market strength. But until then, bias is bullish. My bull/bear line in the sand to establish bias is 1112.50; Bullish above it, and bearish below it. Trade well!

Econ Data
ADP Employment Report at 7:15 AM (cst), ISM Non-Mfg Index at 9:00 AM (cst), EIA Petroleum Status Report at 9:30 AM (cst), Beige Book at 1:00 PM (cst).

ES - Daily Chart with Volume Profile and Key Levels


  1. Hello, just curious as to how you calculate range extention on your charts? Thank you. kolla

  2. So you're Ziad. I didn't know that til now. I see you on StockTwits, that is a really cool service. I'm a big fan of Dr. Brett. I think that's where I saw your name. See ya in the list. - J

  3. Kolla, I use the prior day's high/low.

    Trader Jay, no I am not Ziad, and from what I know, Ziad doesn't use Twitter. He is a friend of mine, and he occasionally posts on this Blog.


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