Thursday, May 3, 2012

E-Mini S&P 500 Futures Chart for Thursday 05/03/2012

From today's EMiniPlayer.net Trade Plan: Buyers were active in the overnight session and held ES above 1392-1394, tagging 1400.50 and 1402.25, with Responsive Sellers active at 1402-1404... On the downside, we have Pre-Market Support at 1397.25-1398.25 (Previous Close 1397.50), followed by Initial Support at 1392-1394 (this area is also the Bull/Bear Zone). We typically see rotational price action the day before the Non-Farm Payroll (Employment) report, so I expect Responsive Sellers at Resistance and Responsive Buyers at Support today.

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
















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