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.

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E-Mini S&P 500 Futures Chart for Friday 04/27/2012

From today's EMiniPlayer.net Trade Plan: Yesterday's Review/Analysis post mentioned that Buyers were in Control above 1383.25-1385.25. Overnight, ES pulled back and found Responsive Buyers ahead of that area, and the Overnight Low ended up at 1386 before Buyers pushed ES to a new weekly high. Heading into the day session, we have Initial Resistance at 1403.25-1405.25, followed by 1407.25-1409.25 (NVPOC 1408, Open Gap 1408.75). ES is set to open above Value, and I'm expecting more edge at the Resistance Zones with the 1407.25-1409.25 Resistance Zone capping the upside. On the downside, our target is the 1396-1398 Pre-Market Support Zone. I expect Responsive Buyers at the Support Zones. The primary economic catalyst today is Consumer Sentiment at 8:55 AM (CT). Bigger picture, Buyers remain in Control above the 1383-1385 Bull/Bear Zone.

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E-Mini S&P 500 Futures Chart for Thursday 04/26/2012

From today's EMiniPlayer.net Trade Plan: Overnight, Responsive Sellers shut off the Buying at the 1391-1393 Resistance Zone, and ES pulled back to the overnight support at 1380.75-1382.75. Heading into the day session, we have Initial Support at 1379.75-1381.75 and the Micro Bull/Bear Line in Sand at 1379.50...On the upside, holding above Initial Support brings the 1385.75-1387.75 Pre-Market Resistance Zone into play, followed by the Open Gap at 1390.25 and NVPOC at 1392.75...Use the Opening Range and 1379.50 to establish immediate bias.

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E-Mini S&P 500 Futures Chart for Wed. 04/25/2012

From today's EMiniPlayer.net Trade Plan: The buying from Tuesday's Close continued in the Globex session. Responsive Sellers capped the upside at the 1381.50-1383.50 Key Resistance. Heading into the day session, we have Initial Resistance at 1381.50-1383.50, followed by 1386.75-1388.75...Price typically remains in a narrow range ahead of the FOMC Announcement. Buyers are in Control, and a bullish Response to FOMC could result in a test of the 1386.75-1388.75 and 1391-1393 Resistance Zones today. Use the Opening Range and the 1379.50 Micro Bull/Bear Line in Sand to establish immediate bias.

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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.

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E-Mini S&P 500 Futures Chart for Monday 04/23/2012

From today's EMiniPlayer.net Trade Plan: ES gapped lower overnight, and liquidated down to 1359.50. Heading into the day session, we'll be using 1361.50 as the Micro Bull/Bear Line in Sand to establish very short-term directional bias and the 1371-1373 Resistance Zone as the Bull/Bear Area to establish overall directional bias...We have Pre-Market Resistance at 1363.75-1364 followed by Initial Resistance at 1365.25-1367.25, those are areas for Sellers to step in again. Our targets on the downside include the Open Gap at 1357 and the NVPOC at 1355.

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E-Mini S&P 500 Futures Chart for Friday 04/20/2012

From today's EMiniPlayer.net Trade Plan: Overnight, Responsive Buyers were active at the 1370-1372 Support Zone, and pushed ES through the 1375.75-1377.75 Resistance, signaling Buyer strength. Heading into the day session, we have Pre-Market Support at 1375.25-1377.25, followed by the previous Close at 1372.50 and Initial Support at 1370-1372. On the upside, we have Initial Resistance at 1381.75-1383.75, followed by 1386.75-1388.75. Being a Friday with no economic catalysts, there's a high probability of a Balanced session with Responsive Buyers active at Support and Responsive Sellers active at Resistance. We'll be using 1370-1372 Initial Support as the Bull/Bear Zone to establish directional bias. Unless we get an Open Drive to the upside, I expect Responsive Sellers to be active off the open, pushing for a test of the previous VPOC at 1376.75 and potentially the gap fill at 1372.50. I expect Responsive Buyers there and at Initial Support. Holding above Pre-Market Support would indicate strong buyers and bring the 1386.75-1388.75 Zone into play.

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E-Mini S&P 500 Futures Chart for Thursday 04/19/2012

From today's EMiniPlayer.net Trade Plan: Heading into the day session, we have Pre-Market Support at 1376.25-1378.25 (Previous Close 1378.25), and Pre-Market Resistance at 1382.00-1384.00 (Previous VPOC 1382.50). There are several econ reports out at 9:00 AM (CT), and the expectation is for a directional move away from 1382.75. Use the Pre-Market Support and Resistance Zones to gauge market strength/weakness...On the downside, a break below 1376.50-1378.50 would bring 1370-1372 and 1363.75-1365.75 into play.

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E-Mini S&P 500 Futures Chart for Wed. 04/18/2012

From today's EMiniPlayer.net Trade Plan: Overall, the expectation is for a Balanced session where ES balances in a range with Responsive Buyers active at Support and Responsive Sellers active at Resistance.

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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.

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E-Mini S&P 500 Futures Chart for Monday 04/16/2012

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E-Mini S&P 500 Futures Chart for Friday 04/13/2012

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E-Mini S&P 500 Futures Chart for Thursday 04/12/2012

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E-Mini S&P 500 Futures Chart for Wed. 04/11/2012

From today's Trade Plan: The expectation is a Balanced session, with Responsive Sellers active at Resistance and Responsive Buyers active at Support as ES consolidates yesterday's sell-off. Sellers remain in Control below 1372-1373, and the market needs Initiative Buyers in order to sustain prices above 1373 -- I'm not anticipating Initiative activity today.

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E-Mini S&P 500 Futures Chart for Tuesday 04/10/2012

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E-Mini S&P 500 Futures Chart for Monday 04/09/2012

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E-Mini S&P 500 Futures Chart for Thursday 04/05/2012

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E-Mini S&P 500 Futures Chart for Wed. 04/04/2012

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E-Mini S&P 500 Futures Chart for Tuesday 04/03/2012

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E-Mini S&P 500 Futures Chart for Monday 04/02/2012

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