Emini Futures Trading Range 03/09/12
March 10, 2012 at 5:37 PM (QQQQ)(DIA)(SPY)(GLD)(SLV)
The S&P500 Emini Futures spent the majority of today's session churning inside a 9 tick range. Not a 9 point range - 9 ticks. We are in the midst of rollover, there are solar storms raining down, Greece continues the default dance and Iran is playing hide and seek with enriched uranium. That should create a bit of volatility don't you think?
Is this the quiet before the storm? Are we putting in a top? Something bigger perhaps?
S&P500 Emini Futures
Friday's Emini Futures activity was unusual to say the least. As the range bound trade approached 1 million contracts price broke to the down side only to run into the Weekly Trading Zone @ 1364/1365. We saw a double bottom at the zone and by the close price was back inside the original 9 tick range.
;)
S&P500 Emini Futures Trading Range
(click to enlarge)
S&P500 Emini Futures Double Bottom 03/09/12
Monday morning in the Live Emini Trading Room we will discuss patterns such as the double bottom and double top that often appear at Weekly Trading Zones. Take this opportunity to Apply.
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