Today’s key levels in the eminis
Wednesday’s session was a mirror
opposite of Tuesday… but what else is new? You didn’t expect any trend moves
to actually confirm, did ya?
ES (+$50 per index point)
S&P 500 futures opened near the daily pivot
point, dribbled upwards a tad and then fired upward in a series of program buys.
After that, it was a sideways drift above its R1 value straight into the close.
ER
(+$100 per index point)
Russell 2000 futures were the laggards: chopped
below the pivot point in bearish fashion until the broad-market buy programs
hit, hence the long green candle from pivot to R1. After that, this symbol
coiled tightly before rolling along in serpentine fashion to the end.
Summation
Nothing noteworthy to cover beyond what little is profiled above. Indexes made a
move lower on Tuesday before coiling sideways into the close. Yesterday, it was
one move higher then hour’s worth of coiling into the close. Day traders have
ample opportunity to make money. Everyone else is merely biding time and
counting paper clips until something directional develops.
Trade To Win
Austin P
(Online video clip
tutorials…
open access)
Austin Passamonte is a full-time
professional trader who specializes in E-mini stock index futures, equity
options and commodity markets.
Mr. Passamonte’s trading approach uses proprietary chart patterns found on an
intraday basis. Austin trades privately in the Finger Lakes region of New York.