Daily ES Market Map by AlphaTick

AlphaTick

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This thread will contain my daily commentary on the US index futures. There will be a pre NYSE open post detailing the outlook and levels for the day ahead. An update around mid day (US ET) and then a post after the NYSE close. Hope this will be useful to members
 
Pre open market comment for Friday, 6-12-2009

Bias: Bullish
Optimal Buy Zone: 935 or below
Optimal Profit Zone: 948 or above
Proven wrong: 928 or below

Expected Range: 933 - 955

Comment: I expect an up day in ES. Keep an eye on outlier reading on the Michigan Sentiment at 9:55 ET. Next update mid day ET.
 
Mid Day update Friday, 6-12-2009

ESU entered our optimal buy zone (935) for the day but did not go below the stop point (928) as outlined in the morning report. I still maintain the bias (bullish) from the morning report for the rest of the day and expect ESU (currently at 935.75) to see levels above 940 before the close.
 
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