S&P

Here is a 15 minute bar chart showing regular hours trading in the September S&P e-mini futures. I last commented on this chart here.

As you can see the market has staged a high volume, wide range breakout from a trading range that formed subsequent to yesterday's early break. Since I am basically bullish on this market I have to go with this sort of decisive bullish action. So I am abandoning my 1243 target and now expecting to see a move to 1282.