Here is an hourly chart of the December S&P e-mini futures. I last commented on this market here.
A couple of minutes ago the market printed 1372.50. I think it can rally a little more, say into the 1373-75 zone. In any event the next swing should be downward to 1363 or so. This should be the first part of a drop next week which will carry the S&P's down to 1350 or so.
2 comments:
Mr. Futia: Thank you for your commentary on the markets you follow. Your comments are easy to follow, appear unbiased, and completely devoid of "noise". I hope you continue your excellent work here.
Andrew:
I am afraid I cannot help you. I don't offer trading advice on this blog. I only record my thoughts on where the markets are headed.
In fact,take a look at READ THIS FIRST in the right hand column of this blog. In that post I say that 99% of the people who think they want to speculate in the markets should NOT speculate. The speculation game is stacked against the typical individual.
Unless you are a professional trader, DON'T SPECULATE!!!
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