S&P

Here is an hourly chart showing pit trading in the March '06 S&P futures.

I think this market is headed for 1298 and that meantime it will find support around 1274. This would be a break of 10 points or so from the high, just a bit more than the last break on the way up from 1262 and would bring the market down to just above the 1273 breakout level.