Real Time e-mini S&P Trading, plus contrarian commentary on all the markets, all the time
Wednesday, June 10, 2009
Here is a five minute bar chart of today's e-mini day session. Midpoint resistance stands at 939. The market must stay below this level if my prognosis of a further drop to 918 or 903 is to materialize. A move above 939 on good volume would negate the significance of today's bearish rejection of prices above 950 by creating a bullish rejection of prices below 930.