E-Mini Player | Thursday 08/19/2010 - E-Mini S&P 500 Futures Key Levels and Trade Plan - EMini Futures Trading


Thursday 08/19/2010 - E-Mini S&P 500 Futures Key Levels and Trade Plan

E-Mini S&P 500 Futures

The 1083.25-1085.75 Support Zone has held in the overnight session. After balancing in a range for the last two days, I'm looking for a test above or below the range today. We have several econ reports out this morning which could serve as catalysts for a move down to the 1075-1077 Area or up to the 1099.50-1101.50 Area. I anticipate Responsive Buyers at the 1075-1077 Support Area, and Responsive Sellers at the 1099.50-1101.50 Resistance Area, followed by the 1107.50-1109.50 Area. 1101.50-1108.25 is a Low Volume Area from last week, and I anticipate rotation within that range. The Bull/Bear Line in Sand is at 1072. Trade well!

Econ Data

Jobless Claims at 7:30 AM (CT), Leading Indicators and Philadelphia Fed Survey at 9:00 AM (CT), EIA Natural Gas Report at 9:30 AM (CT), Fed Balance Sheet and Money Supply at 3:30 PM (CT)

 

ES - Daily Chart with Volume Profile and Key Levels (click on image below to enlarge)