Here is an hourly chart of the March S&P e-mini futures which trade about 11 points over the cash index. I last commented on this market here.
I think we shall see the S&P's trade in the 1416-18 zone early next week. Once the low occurs the market will then begin a move up to 1455 and evenutally higher than that.
1 comment:
Glad I discovered this blog, thanks for sharing your thoughts.
I'm curious if you would do an update on NYX? I am also bullish on it, but the large short position concerns me.
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