Pre-open eMini S&P 500 Morning Report

18 Aug

Pre-open eMini S&P 500 Morning Report

Posted in Pre-open Analysis by Bob English at 8:18:03 Comments are off

The Precise Take – Consolidation yesterday and overnight

The ES has found support at the upper end of the next lower market profile value area, the point of control of which is 973.25. Today’s Time Profile is a bit flat and not indicating a significant edge. Housing Starts and PPI at 8:30 am today are the only major news items, and tomorrow is a flat news day. Accordingly, we have no directional bias into Thursday and expect some more back and fill into options expiration on Friday. Today, we become intraday bullish above 990.00 and intraday bearish below 979.50.

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#eMini S&P 500 Feb.10.2012 – Greece deal delayed (Feb 10, 2012)
#eMini S&P 500 Feb.9.2012 – ES pokes above 1350 (Feb 09, 2012)
#eMini S&P 500 Feb.8.2012 – Closing in (Feb 08, 2012)
#eMini S&P 500 Feb.7.2012 – Consolidating gains (Feb 07, 2012)
#eMini S&P 500 Feb.2.2012 – Just the charts (Feb 02, 2012)

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Pre-open eMini S&P 500 Morning Report

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