More than likely we will be buying the opening range on the emini es and via our market profile software and market profile trading. Our automatic market profile software generates a weekly range that the institutions follow and are daytrading with huge lots. You will also see this in time and sells with blocks coming in. The range they will be using on the emini es for this week is: 1126.75 as resistance and support if we go above it for 30 minutes, 1108.25 as support and then resistance if we go below it for 30 minutes.
1100.75 will be the first support and which has been diluted slightly, but is still a magnet for the emini es market to go towards and then down to 1194.00 for a nice bounce.
1131.75 will be the first emini es target above 1126.75 and then to 1152.50.
See this all live in the Emini Trading School Trading Room



