Real Time e-mini S&P Trading, plus contrarian commentary on all the markets, all the time
Thursday, July 02, 2009
Headed for 870
Here is a 15 minute bar chart of e-mini day session trading. The first 15 minutes of today's session saw a break below 903 support on high volume (red arrows and oval). This tells me that the e-minis are headed for the 860-870 range. I now estimate today's day session will extend from 892 to 907 (blue rectangle). I think trading will become narrow and dull after 1130 ET today because of the upcoming long weekend.