Wednesday, March 08, 2006

S&P


Here is a 15 minute bar chart showing regular hours trading in the March S&P e-mini futures. Tomorrow activity will switch into the June futures which are trading about 10 points higher than March.

Yesterday afternoon I pointed out that volume has started to show a definite pattern of increasing on up bars and as you can see this tendency has continued this morning. I think this is a bullish portent and that the market will soon move above 1280 and continue on to 1320.

No comments: