Monday, March 22, 2010

Monday 03/22/2010 - E-Mini S&P 500 Futures Review/Analysis

E-Mini S&P 500 Futures
I had marked Initial Support as 1144.25-1146.25, but Responsive Buyers came in ahead of that Area and pushed price back up. We got some rotation at Initial Resistance and then the Strong Resistance area, but the afternoon consolidation (chop) was frustrating to trade. It happens and we just have to roll with what the market gives us. Today's buying activity balances out Friday's selling activity. So far, most signs are pointing towards upside continuation.

ES 5-Minute Chart


ES Day Session Volume Profile Chart

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