Real Time e-mini S&P Trading, plus contrarian commentary on all the markets, all the time
Tuesday, October 13, 2009
Here is a 60 minute chart of day session e-mini trading. This morning the market has dropped to midpoint support (purple dotted line) while putting in a reaction just as big as the biggest preceding reaction within the rally from the October 2 low (purple rectangles). I think the e-minis will stabilize here and later today or tomorrow begin a rally. This next swing upward should carry the market to the top of the bullish trend channel and midpoint resistance near 1092.