Real Time e-mini S&P Trading, plus contrarian commentary on all the markets, all the time
Friday, November 13, 2009
The e-minis have dropped on increasing volume from the day's high at 1096. This has opened up the potential for a drop to 1075 or so, the lower limit of what I could see and still think a move to 1126 is underway. If the e-minis close within a point or two of 1087 and then open unchanged or higher Monday I would expect to see a bullish day Monday. A close below 1085 would make it likely that we'll see 1075 before the advance can resume.