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.
Wednesday, April 25, 2012
E-Mini S&P 500 Futures Chart for Wed. 04/25/2012
From today's EMiniPlayer.netTrade Plan: The buying from Tuesday's Close continued in the Globex session.
Responsive Sellers capped the upside at the 1381.50-1383.50 Key
Resistance. Heading into the day session, we have Initial Resistance at
1381.50-1383.50, followed by 1386.75-1388.75...Price typically remains in a narrow range ahead of the FOMC
Announcement. Buyers are in Control, and a bullish Response to FOMC
could result in a test of the 1386.75-1388.75 and 1391-1393 Resistance
Zones today. Use the Opening Range and the 1379.50 Micro Bull/Bear Line in Sand to establish immediate bias.