Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors. Review – S&P Mini Futures Trading Levels Preparation Service

|Includes: SPDR S&P 500 Trust ETF (SPY)
by Jeremy Veum

This is one of the best and cheapest futures trading levels services around, the whole marketHEIST crew loves this site because of the fact of how valuable it really is. Eminiplayer has done a better job of explaining what to expect as well as listing possibly unfamiliar terminology than most sites that cost hundreds a month. I will post a couple examples with annotation and you will certainly see the value in this service. I have been following Eminiplayer for about 8 months now and I can honestly say that no other service has made me more money but by teaching so much and really being there if you have any sort of question. There is no doubt in my mind that this is one of the premiere services out there in this price range. For 1 ES handle ($50.00/month) you are given areas to trade with very high probabilities, as well as a recap of all Eminplayer’s trades taken during the day. Follow him on Twitter, @Eminiplayer, and you can ask questions real time.


<Ratings are on a scale from 1 being the lowest and 5 being the best>

Recommended skill rating: This service is intended for almost any skill level and is something most traders can learn from. There are advanced concepts of volume, price action, and key reference zones. It is like anything else if you take the time to learn what it is and how it works you will catch on. And since Eminiplayer does most of the homework for you it is not something that you will take time figuring out how it works. It is almost instantly actionable. As always, do your due diligence.                                                                                                                                                                                     {Required skill level 2+ (meaning any trader who knows the basics of trading can lean/benefit from this service)}

Content: The content you will receive is unique in that you are given a Tradestation workspace with all levels of importance and key reference zones identified and highlighted. (See examples) He also provides his daily trading plan as well as times of major Economic releases that could affect the market. The content is all original and done nightly by Eminiplayer himself, no reproduction of content from another source.                                                                                                       {Content originality rating 4.5}

Content Quality: The content provided with Eminiplayer’s service is well founded and supported by unique, sound analysis and a well proven track record. <See for 100’s of examples>. This content is clear, concise, and well presented. And one of my favorite things, each morning Tradestation users can download the key levels workspace so you don’t have to spend the time to create the chart.  {Content quality rating: 4.5}

Accessibility of content: Accessing the daily content is as simple as logging in and going to the archive where updates are posted. Downloading the workspace is as easy as clicking a button. The workspace is exclusively for Tradestation but users of other platforms can just as easily annotate their charts for whatever platform may be used. Simply put, if you have charts you can profit from this service.                                                                                                                             {Accessibility rating: 4}

Consistency: This is where is really speaking volumes about the integrity and quality of the service. It is posted every day, while on a week’s vacation charts and trading plans were posted every day during that week. How’s that for dedication? {Consistency rating: 5}

Credibility: went live 11-10-2008 and served as his trading journal. I strongly recommend you visit this site as well there are many great posts that will help you as a trader. The market information is outdated but you can get a feel for how accurate and how dedicated he is to trading, and that dedication is just as prevalent at . It is my experience as a follower and then customer that his reliability and credibility are beyond reproach. {Credibility rating: 4}

Support: Besides providing daily charts, scenarios, and plans. There is documentation on terminology, how the information should be used and he is always available by e-mail or through Twitter, @Eminiplayer, to answer any questions you may have. As always be patient for a reply, he is busy and will always get back to you in a timely manner.         {Support rating: 4.5}


These are examples of what you will get the prior evening or early A.M. so you have time to take into context what the levels mean and set up any other charts you use to be ready to capitalize. Also included is a nightly analysis of the day with trade locations.

Example #1:

Thursday, March 18, 2010

Friday 03/19/2010 – S&P 500 Futures Key Support/Resistance Levels

E-Mini S&P 500 Futures: (Options Expiration/Quadruple Witching)
With Thursday being a narrow range day, the Key Levels haven’t really changed much. Two sided moves are typical on quadruple witching Friday. A reversal of the overnight trend is something to watch out for at the cash open. We typically get a reversal of the morning trend around 11 AM (CT), or early in the afternoon. Bias is bullish above 1158 and bearish below. If we break out above Wednesday’s high (1165.50), I would expect price to tag the 1170 area. On the downside, I’m expecting the 1139.50-1141.50 Support Zone to hold. On the upside, I’m expecting the buying to shut off in the 1177-1179.75 Resistance Zone. If you want to play it safe, sit out the first hour. Trade well!

Economic Data:
No scheduled economic releases. Quadruple Witching Friday. Watch out for news out of Europe/Greece.

ES – Daily Chart with Volume Profile and Key Levels

the analysis that will follow the trading session:

Friday 03/19/2010 – E-Mini S&P 500 Futures Review/Analysis

E-Mini S&P 500 Futures: (Options Expiration / Quadruple Witching)
Trading on Friday was great! The Key Levels and Scenario posted the night before played out very well. I posted “A reversal of the overnight trend is something to watch out for at the cash open” and we reversed the overnight up move at the cash open. If you check the Day Session Volume Profile Chart I’ve been posting since Tuesday, you’ll see I was anticipating a test of the 1150.25-1151.75 Area which we finally got on Friday.

I noticed several complaints on Twitter of failed TICK Divergence setups on Friday. I typically only act on TICK divergences that occur at the Key Areas I post every night. I’ve annotated my 1-minute TICK/ES chart below, and I hope it provides you with some insight and helps you identify better setups in the future. That being said, keep in mind that nothing works 100% of the time. Secondly, a TICK Divergence shouldn’t be the only reason to enter a trade. I typically look for a minimum of two reasons to initiate a trade; but ideally there are three reasons to enter a trade. So my only other recommendation would be make sure you have at least one other reason to enter the trade besides a TICK Divergence.

Enjoy the rest of your weekend and best trading!

ES/NYSE TICK 1-Minute Chart (Morning Session)

ES/NYSE TICK 1-Minute Chart (Afternoon Session)

ES 5-Minute Chart

ES 30-Min Volume Profile Chart

ES Day Session Volume Profile Chart

After seeing all of that you can see why it is most certainly worth the $50 a month. It’s almost like having a tutor help you do your homework. A tri-fecta of trading gold, and that’s not to say that there is not more included and more to come, as a pay service some information is “confidential” So try it out, and I am certain you will stay awhile.

Disclosure: none