Tuesday, June 13, 2006

S&P Update


Here is a 15 minute chart of the September S&P e-mini futures. I last commented on this chart this morning.

The market has spent the entire day so far bouncing off of 1242 support but I think it is about to break lower, this time to 1232. I still think the market will rally to 1282 once 1232 is reached.

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