Thursday, October 19, 2006

S&P


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

I don't have anything new to say; the market has been locked in at 1369-76 trading range for the better part of two days. I still think the odds favor a drop to 1362 before a rally to 1386, but if the market shows strength above 1376 I shall turn short term bullish once more.

2 comments:

Anonymous said...

Just wanted to say thanks for all your work - it's a great service you are doing for traders willing to study and 'learn to earn'.

Anonymous said...

Your comments are very much appreciated. Thank you for the time you put into your T/A. Most of what you say seems to develop sooner then later. You are very good Carl, please keep up the GREAT work.

Thanks again.

Aram & Pam