Friday 01/29/2010 - Euro FX Futures Review/Analysis

Euro FX (EUR/USD) Futures
I didn't have time to post the Key Levels for the 6E last night, but they worked out fairly well today. I scalped the 6E for a bit; but my main focus was the ES, which I believe had better price action today. Click on the 5-min Chart to see how the day played out in the Euro FX futures. Have a great weekend!

EC/6E 5-Minute Chart for 01/29/10

Friday 01/29/2010 - E-Mini S&P 500 Futures Review/Analysis

E-Mini S&P 500 Futures Review/Analysis
The Key Levels posted last night worked out beautifully today; pretty much to the tick. I missed the early morning action due to work, but managed to get Long at 1068 and traded the bounce on first touch. Click on the 5-min Chart to see how today's price action played out. Have a great weekend!

ES 5-Minute Chart for 01/29/10

Friday 01/29/2010 - S&P 500 Futures Key Support/Resistance Levels

E-Mini S&P 500 Futures
So far, we've seen Long Liquidation this entire week with technical bounces in oversold areas or areas of prior support. Now we're heading into some old areas of support here (remember 09' Thanksgiving, Dubai, etc). Obviously, the current trend is pointing down and the S&Ps continue to sell off overnight, but that could set up the stage for Responsive Buyers to come in tomorrow morning. Trade in direction of momentum, and use the Key Levels not only to initiate trades, but for targets as well. Use the increase in volatility to reach extended targets.

ES - Daily Chart with Volume Profile and Key Levels