Real Time e-mini S&P Trading, plus contrarian commentary on all the markets, all the time
Friday, June 05, 2009
Here is a 30 minute bar chart of e-mini day session trading. I think we have just seen a supply shock hit the market (red arrows). Volume was high and the drop was essentially uncorrected. At the very least this means that the market is headed down into the 905-915 range. My revised estimate for today's day session range is 930-952 (blue rectangle).