Tim Mack

S & P Futures Trader


Tuesday, May 25, 2010

Careful out there

Careful out there traders. We will be opening well below yesterdays Value Area low of 79.50 and a proprietary range low of 58.25. This means the sentiment of yesterday changed significantly to the downside.

Keep this handy, you might need it:

Daily Price Limits RTH: Successive 10%, 20%, 30% limits (downside only)

Yesterdays settle was 1071.00. You may want to book mark this link;

http://www.cmegroup.com/trading/equity-index/us-index/e-mini-sandp500_quotes_settlements_futures.html


Tim Mack

1 comment:

Piker said...

Tim,
A noobie question: Why is the settlement price important and what do you do with that information?
Thanks, Piker