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July 17, 2012 at 6:18 PM Last week we saw a picture perfect close on Friday at exactly 1352. (to the tick)
(ES) Emini Futures Weekly Trading Zone Resistance 1352 07/13/12
emini futures, support and resistance June 26, 2012 at 5:53 PM The S&P 500 Index added 6.27 points, or 0.5%, to close the day at 1,319.99 After a 74 point climb followed by a 50 point drop, the Dow Jones Industrial Average ended up 32 points to close at 12,534.6. The Nasdaq Composite rose 17.90 points and the only thing we can find to blame the bullishness on is this -
S&P/Case-Shiller data showed U.S. home prices rose 1.3% in April, their first monthly gain since last autumn.
Consider today's bounce as just that and trade accordingly.
CFRN Partners were reminded once again today that our Weekly Trading Zones do an admirable job of defining Major Support and Resistance days ahead of time. This week our 1305/1306 Weekly Zone has held as support thus far, and today we ran up to 1317/1318 where the market halted its advance and has reversed so far on the Globex session back down to 1312.25.
January 31, 2012 at 5:59 PM The Emini S&P500 Futures traded inside a 15 point range today giving traders opportunity both on the long and short side of market. The Euro was down significantly today on poor employment news. Standard & Poor’s/Case-Shiller home price index dealt hopes of recovery here at home a cruel and unusual blow. I concur with my co-host David and look for a low tonight if it's not already in and then a potential rally into our own employment numbers Thursday and Friday. If we break below 1300 overnight on the Emini Futures, scratch the rally fantasy.
March 16, 2011 at 11:02 PM E-Mini S&P 500; Could Nuclear meltdown lead to Market meltup?
The E-Mini S&P 500 seems to be in a meltdown lately hopefully more than the Nuclear Reactors! For months, we have noted this market trading higher without any major retracements. There have been some negative economic reports, we have been concerned over inflation, there are battles in the Middle East and we still have a large unemployment number to deal with. Well, it has taken a fear of nuclear reactors leakage through one of the most traumatic natural disasters that we have experienced in some time. Each country is now assessing the safety of their nuclear sites while countries such as Italy and Poland are progressing to establish their first Nuclear Reactors. Japan must produce more Liquefied Natural Gas to substitute with the loss of energy from the reactors.
March 15, 2011 at 11:47 PM sp emini, support and resistance Contact Us:
