S&P

Here is a 15 minute bar chart of the December S&P e-mini futures. I last commented on this market here.

The market has reached the 1366-68 zone I cited in this morning's guesstimate. My best guess is that the initial rally from the 1367.25 low will carry to 1373 or so, yesterday's close. But I think it likely that the market will take another peek below 1367.25 today before a bigger rally develops.

In any case I think that the market is ending its reaction from 1395.25 and that the next big swing will carry it into the 1410-20 zone.