E-Mini S&P 500 Futures
Last night's post called for a consolidation day with narrower range (8-10 points), which played out well today. The day session range was 7.75 points, and the 24-hour session range was 9 points. I was anticipating Responsive Buying at 1161, and that turned out to be the low tick of the day. We're continuing to build acceptance (volume) in the 1163.50-1164 area. I expect selling pressure below 1164, and buying pressure above it.
ES 5-Minute Chart
ES Day Session Volume Profile Chart
My views on trading the E-Mini S&P 500 Futures utilizing Price Action, Market Structure, Volume/Market Profile and the Auction Market Process. Visit www.EMiniPlayer.net for Daily Key Support/Resistance Zones, Trade Plan and Educational Recaps.
Wednesday, March 24, 2010
Wed. 03/24/2010 - E-Mini S&P 500 Futures Review/Analysis
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Almost everyone can do the homework, yet the way you interpret the numbers make it extremely valuable.
Thank you again for sharing your hard work.
Thanks for the comment, I'm glad you find my work useful.