Here is a five minute bar chart of today's e-mini day session. I am long two units at an average of 828.50. Volume is relatively light today, so I am reducing my range estimate to 20 points from 30. This would put the day's high near 843 (blue rectangle). I think the midpoint of the day's range near 828 should act as support from this point forward.
Friday, April 03, 2009
Update at 1 pm
Here is a five minute bar chart of today's e-mini day session. I am long two units at an average of 828.50. Volume is relatively light today, so I am reducing my range estimate to 20 points from 30. This would put the day's high near 843 (blue rectangle). I think the midpoint of the day's range near 828 should act as support from this point forward.
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