Showing posts with label Last Week of Month. Show all posts
Showing posts with label Last Week of Month. Show all posts

Sunday, May 8, 2011

E-Mini S&P 500 Futures Charts for Week of 04/25/11

Late post, but here are the 5-minute charts for the week of 4/25/11.

Monday 4/25


Tuesday 4/26


Wed. 4/27


Thursday 4/28


Friday 4/29

Wednesday, March 31, 2010

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

Tuesday, March 30, 2010

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

Tuesday 03/30/2010 - E-Mini S&P 500 Futures Review/Analysis

E-Mini S&P 500 Futures
As anticipated, we got an outside day today where the market looked for Buyers below and Sellers above yesterday's balance area of 1167.75-1169. The low volatility may also be due to the holiday week. Responsive Sellers kept price below 1175 and Responsive Buyers pushed price back into Value, and we closed at 1169.25. My bias remains Bullish above 1163.

ES 5-Minute Chart


ES Day Session Volume Profile Chart

Monday, March 29, 2010

Tuesday 03/30/2010 - E-Mini S&P 500 Futures Key Support/Resistance Levels

E-Mini S&P 500 Futures
After Monday's range-bound price action where the market was in balance between 1167.75 and 1169, I'm anticipating an outside day where price may test 1175-1176.50 on the upside and 1160.75-1163.75 on the downside. My Bull/Bear Line in Sand is 1163.25; bullish if price is trading above it, and bearish if price is trading below that level. I anticipate the buying to get shut off by 1181.50 and the Selling to get shut off by 1153.50.

Econ Data
Redbook at 7:55 AM (CT), S&P Case-Shiller HPI at 8:00 AM (CT), Consumer Confidence at 9:00 AM (CT), and State Street Investor Confidence Index at 9:00 AM (CT)

ES - Daily Chart with Volume Profile and Key Levels

Monday 03/29/2010 - E-Mini S&P 500 Futures Review/Analysis

E-Mini S&P 500 Futures
We had a 5.75 point day session range on anemic volume. Thankfully, days like today only come around once in a while and are typically followed by range expansion, so be prepared for a better trading day tomorrow.

ES 5-Minute Chart


ES Day Session Volume Profile Chart

Sunday, March 28, 2010

Monday 03/29/2010 - S&P 500 Futures Key Support/Resistance Levels

E-Mini S&P 500 Futures
Last week, we observed strong Responsive Buying and each dip was bought up quickly, so the bias going into Monday is Bullish as long as price remains above Friday's Low (1156.50). On the upside, I would anticipate the Buying to shut off in the 1181-1183 area. The markets have been on a tear, and we haven't had any significant pullback. On the downside, 1139-1141 is a heavy area of Support and I anticipate Strong Buying to take place there if we get down to that area this week. It's also the end of the month, and Bulls sitting on large gains will probably want to close out March on a positive note! Keep in mind that on the larger time-frames, Bears are the ones who are hurting in this market. Trade well!

Econ Data
Personal Income and Outlays at 7:30 AM (CT)

ES - Daily Chart with Volume Profile and Key Levels