S&P

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

The market has bounced off of support near 1379 and will probably halt its rally in the vicinity of the early morning low at 1386.75 last Friday.

I think the drop from Thursday's high of 1395.25 will last another day or two and carry the market to 1369 or so. After the drop is over I expect the market to climb into the 1410-20 zone.