I was going over some of my posts from December, 2009 and here we are two months later with the S&P 500 trading in the same price area. Check out the Key Levels post for Tuesday 12/15/2009 and Thursday 12/17/2009 -- notice how the Key Levels from then and now coincide. You can also check out the Market Review/Analysis posts for 12/15/09 and 12/17/09 to get an idea of how price reacted last time we were trading in this area. My bias is bullish above 1198.75, bearish below 1094 and neutral to bullish in between. That being said, I'm anticipating rotation in the Strong Support/Resistance Areas regardless of direction.
Econ Data
Producer Price Index and Jobless Claims at 7:30 AM (cst), Leading Indicators and Philadelphia Fed Survey at 9:00 AM (cst), EIA Natural Gas Report at 9:30 AM (cst), and EIA Petroleum Status Report at 10:00 AM (cst).
ES - Daily Chart with Volume Profile and Key Levels
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