Wednesday, October 11, 2006

S&P Update


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

As you can see the S&P's rallied close to their 1363.25 high yet again and have since come off and made a new low for the day. This downward acceleration makes a move to support in the 1351-53 zone likely. From there I think the market will rally into the 1370-75 zone.

2 comments:

Anonymous said...

I read your bio and your comments on the S&P e-mini futures.

Do you use mathematical or statistical tools to assist in your forecasting? Are your comments from experience, or a mix of specific analytical methods?

Carl Futia said...

Yes, yes, and yes.