S&P Update

Here is an hourly chart of the December S&P e-mini futures. I commented on this market earlier today.

The market did drop about 6 points from its 1363.25 high today but has recovered almost all of the break. Now an obvious higher low at the 1357 level is visible and I think the market has begun a 10-15 point rally from that higher low. I can't really tell whether a 10 or instead a 15 point advance is underway but in my opinion 1373 is stronger resistance than is 1366.