4 Aug
Post-close / overnight #eMini
Posted in Post-close Analysis by Bob English at 16:47:51 1 CommentSo much for needing to tighten stops on the close, which had a perfect run up to day-session-only R1 at 1005.00. Today’s highest point of control was exactly the same as yesterday’s (red line at 998.50) and we had a perfect equidistant rotation around it in both time and price. See the green lines. Not sure what the significance is, but it is interesting.
Overnight, we’re looking for a range inside the light blue box of 998.50 to tomorrow’s day-session-only R1 at 1009.00. There are some big things happening pre-market tomorrow morning starting at 7:30 am in the form of Treasury funding announcements and job reports, so the range could easily break in the two hours before the open.
Pre-open eMini S&P 500 Morning Report | The Precision Report
on August 5 2009 at 08:51:59
[...] republish much of yesterday’s column in today’s report because not much has changed. As we noted post-close yesterday, the daily market profile points of control at 998.50 for Monday and Tuesday are [...]