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 Levels, Trade Plan and Live Futures Trading Education Room.
Thursday, April 26, 2012
E-Mini S&P 500 Futures Chart for Thursday 04/26/2012
From today's EMiniPlayer.netTrade Plan: Overnight, Responsive Sellers shut off the Buying at the 1391-1393
Resistance Zone, and ES pulled back to the overnight support at
1380.75-1382.75. Heading into the day session, we have Initial Support
at 1379.75-1381.75 and the Micro Bull/Bear Line in Sand at 1379.50...On the upside, holding above Initial Support brings the 1385.75-1387.75
Pre-Market Resistance Zone into play, followed by the Open Gap at
1390.25 and NVPOC at 1392.75...Use the Opening Range and 1379.50 to establish immediate bias.