Thursday, April 19, 2012

E-Mini S&P 500 Futures Chart for Thursday 04/19/2012

From today's Trade Plan: Heading into the day session, we have Pre-Market Support at 1376.25-1378.25 (Previous Close 1378.25), and Pre-Market Resistance at 1382.00-1384.00 (Previous VPOC 1382.50). There are several econ reports out at 9:00 AM (CT), and the expectation is for a directional move away from 1382.75. Use the Pre-Market Support and Resistance Zones to gauge market strength/weakness...On the downside, a break below 1376.50-1378.50 would bring 1370-1372 and 1363.75-1365.75 into play.

5-min Chart with Support/Resistance Zones

View full size chart

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