Here is an hourly chart of the December S&P e-mini futures. I commented on this market earlier today.
I had thought that the S&P's were headed up to 1398 from the 1386.75 higher low this morning. The market rallied for about three hours but it was a struggle all the way. Then contrary to my expectation a break below this morning's low developed.
This is the first time in more than a week that an obvious lower top is visible on the hourly charts. I think this means that yesterday's 1395.25 high did in fact begin a 20-30 point break.
No comments:
Post a Comment