E-Mini S&P 500 Futures Chart for Monday 04/30/2012

From today's EMiniPlayer.net Trade Plan: Responsive Sellers were active in the overnight session, and ES pulled back to test the 1394-1395 Micro Bull/Bear Zone, where Responsive Buyers were active on first test. Heading into the day session, we'll continue using 1394-1395 as the Micro Bull/Bear Zone to establish directional bias. Holding above that area would bring the previous VPOC at 1398, and previous Close at 1398.50 into play...On the downside, a break and hold below 1394 would bring 1387.75-1389.75 Initial Support into play as a downside target...The primary catalyst this morning is Chicago PMI at 8:45 AM (released to Chicago PMI subscribers at 8:42 AM CT). Use the Opening Range at 1394-1395 to establish short-term bias.

5-min Chart with EMiniPlayer.net Support/Resistance Zones

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E-Mini S&P 500 Futures Chart for Tuesday 01/31

5-min Chart with EMiniPlayer.net Support/Resistance Zones

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E-Mini S&P 500 Futures Chart for Wed. 11/30

5-min Chart with EMiniPlayer.net Support/Resistance Zones

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Wed. 03/31/2010 - E-Mini S&P 500 Futures Review/Analysis

E-Mini S&P 500 Futures
We got a solid bounce at Initial Support, but no follow-through above 1170. NYSE TICK Divergences provided some nice entries on both sides. At this point, the market is pretty much balanced between 1160 and 1170, and we need a catalyst to drive price out of this range.

ES 5-Minute Chart


ES Day Session Volume Profile Chart

Wed. 03/31/2010 - E-Mini S&P 500 Futures Key Support/Resistance Levels

E-Mini S&P 500 Futures
I'm going to continue using 1163.25 as my Bull/Bear Line in Sand, which means the current near-term bias is Bullish. Tomorrow is also the last day of the month, and the market has a tendency to be bullish in the afternoon session. It's a scenario I'm prepared for, so I will try to get more out any Long positions in the afternoon if I see Buy setups around that time. The morning could be choppy or even bearish. Be prepared, go in with a plan, and be mindful of trade location. Initiate trades where you feel comfortable and don't get caught up in the chop. Keep your bias in check. Everyone wants this market to drop, and it could drop tomorrow, or it could test the low 1180s. Trade well!

Econ Data
ADP Employment Report at 7:15 AM (CT), Chicago PMI at 8:45 AM (CT), Factory Orders at 9:00 AM (CT), and EIA Petroleum Status Report at 9:30 AM (CT).

ES - Daily Chart with Volume Profile and Key Levels