Thursday, May 3, 2012

E-Mini S&P 500 Futures Chart for Thursday 05/03/2012

From today's Trade Plan: Buyers were active in the overnight session and held ES above 1392-1394, tagging 1400.50 and 1402.25, with Responsive Sellers active at 1402-1404... On the downside, we have Pre-Market Support at 1397.25-1398.25 (Previous Close 1397.50), followed by Initial Support at 1392-1394 (this area is also the Bull/Bear Zone). We typically see rotational price action the day before the Non-Farm Payroll (Employment) report, so I expect Responsive Sellers at Resistance and Responsive Buyers at Support today.

5-min Chart with Support/Resistance Zones

View full size chart

No comments:

Post a Comment

At the minimum, please provide your name or Twitter handle when posting comments. Do not post as Anonymous. Comments that contain links to commercial websites will be marked as spam.