Showing posts with label Tuesday. Show all posts
Showing posts with label Tuesday. Show all posts

Tuesday, May 1, 2012

E-Mini S&P 500 Futures Chart for Tuesday 05/01/2012

From today's EMiniPlayer.net Trade Plan: Overnight, ES balanced within yesterday's range. Heading into the day session, we'll be using 1391.50-1393.50 as the Micro Bull/Bear Zone to establish directional bias. Holding above 1391.50-1393.50 would bring the NVPOC at 1398 and the Open Gap at 1398.50 into play...Today is a holiday in Europe, which could lead to lower volume and reduced volatility in the U.S. equity markets, resulting in a relatively Balanced session with Buyers active at Support and Sellers active at Resistance. The primary economic catalyst today is the ISM Mfg Index at 9:00 AM (CT). Use the Opening Range and 1391.50-1393.50 to determine which side is in Control.

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
















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Tuesday, April 24, 2012

E-Mini S&P 500 Futures Chart for Tuesday 04/24/2012

From today's EMiniPlayer.net Trade Plan: Overnight, Responsive Sellers were active at 1369 and we got a test of the 1360.75-1362.75 overnight support. Heading into the day session, we have Pre-Market Support at 1360.75-1362.75 (Previous Close 1362.75), followed by Initial Support at 1355-1357 (Previous VPOC 1356.75). We'll also be using 1355-1357 as the Bull/Bear Zone to establish directional bias. Holding above 1355-1357 would indicate the market Balancing within a range ahead of tomorrow's FOMC Announcement...On the upside, holding above 1362.75 would indicate aggressive Buyers and bring the Open Gaps at 1372.50 and 1375.25 into play. In the event of an upside move, I anticipate the Buying to shut off by 1374.75-1375.25. We have several econ reports out at 9:00 AM (CT) -- expecting range-bound price action during the first 30 minutes.

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












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Tuesday, April 17, 2012

E-Mini S&P 500 Futures Chart for Tuesday 04/17/2012

From today's EMiniPlayer.net Trade Plan: Heading into the day session, we'll be using 1369-1371 as the Micro Bull/Bear Zone to establish directional bias. Holding above 1369-1371 indicates Initiative Buyers active in the market and opens the door for testing Initial Resistance at 1376.75-1378.75, with potential to fill the gap at 1386 today.

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

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