Wednesday, February 01, 2006

S&P


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

I think the market has just made a slightly higher low above yesterday's low and above 1280 support. Its next step up should carry to 1303 and then to 1320. I think it is significant that the general market is yawning in response to Google's blood letting after yesterday's close. This is another bullish indication.

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