Monday, February 13, 2012

Levels to watch for Monday, February 13th, 2012

Decent size gap up to start the week.  I'll watch it for a fade .  We are currently at Thursday's Point of Control, so we should get a tip of the hand by the market  early.

S&P 500 Futures levels of interest:

Recent high: 1352.75 (2/9/12)

Overnight highs: 1352.25
Overnight lows: 1242.75
Gap fills at: 1341.25

Lap fills at: 1340.25
Top of Friday's Value Area: 1338.50
Bottom of Friday's Value Area: 1335.50
Friday's Point of Control: 1336

Value Areas and POC are based on Volume, not TPOs.

Trade well,

tiny

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