S&P

Here is an hourly chart showing regular hours trading in the September S&P e-mini futures. I last commented on this market here.

This morning the market rallied in electronic trading after the employment number to 1290 but shortly after the open of regular hours trading it had dropped to 1277. I think that support at 1278 has held and that the S&P's have started a move which will break the top of the 1274-1290 trading range and carry the market to its next short term target at 1310.