Pre-open eMini S&P 500 Morning Report for March 16, 2010

16 Mar

Pre-open eMini S&P 500 Morning Report for March 16, 2010

Posted in Pre-open Analysis by Bob English at 7:57:12 1 Comment

The Precise Take – Equity futures back up to highs ahead of FOMC Announcement

Leaders Analysis: The leaders are mostly consolidating ahead of today’s announcement. Notably, gold is up and the EuroYen has a bit more room to advance to resistance. Accordingly, the leaders are slightly equities bullish.

Medium Term Analysis: The levels we were watching yesterday were 1140 and 1147. After the ES traded below 1140, it looked like the chances of the rally continuing were diminished. However, the strong rally and close just under 1147 kept the rally strong. Ideally for longs, the ES would clear monthly R2 at 1152.75 prior to close. Even if the expected profit taking occurs post-announcement, it would…

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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)

1 Response to

Pre-open eMini SP 500 Morning Report 3.16.10 | Wall St. Cheat Sheet
on March 16 2010 at 08:01:53

[...] This is a guest post from Precision Capital Management [...]

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Pre-open eMini S&P 500 Morning Report for March 16, 2010

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