Retail sales are expected to come in lower than expected tomorrow which will not be friendly toward the eMini S&P. After reaching it's high today the market returned to the 1345 area that started the rally.
The market may lose some ground early tomorrow, but the market profile still has volume skewed to the upside. Lets see if the market support will hold at 1342.
thanks
Josh
Upcoming Reports:
Wednesday:
MBA Purchase Applications 7:00 ET
Retail Sales 8:30 ET
EIA Petroleum Status Report 10:30 ET
Thursday:
International Trade 8:30 ET
Jobless Claims 8:30 ET
EIA Natural Gas Report 10:30 ET
Friday:
Empire State Mfg Survey 8:30 ET
Import and Export Prices 8:30 ET
Treasury International Capital 9:00 ET
Industrial Production 9:15 ET
Consumer Sentiment (p) 10:00 ET
From the TradeMaven Software, Volume Weighted Pivot Support and Resistance for Wednesday, 13 Feb 2007:
What is Inside Edge?
A comprehensive trader’s education forum focused on e-Mini S&Ps and U.S. Treasury Bond Futures. TradeMaven’s Inside Edge features the necessary analytics and execution information in one place to speed up your decision process, keep you on the right side of the market, and eliminate so much of the noise that surrounds trading today. This unique forum is the brainchild of Charles Cochran – a trading pro who has spent the last 15 years fine-tuning a proven methodology that eliminates extraneous information and concentrates on the market activity that matters: the market activity that foretells the market's next move.
