Real Time e-mini S&P Trading, plus contrarian commentary on all the markets, all the time
Tuesday, March 23, 2010
Here is a 30 minute bar chart showing 24 hour trading in the e-minis. The market made a couple of attempts to break below the 1160 level this morning but both failed. This looks like a bullish rejection of 1160 and I think it portends an imminent move above the high of the second, 9 point box I have drawn on this chart. If so the market should be trading near the top of its third box sometime today or (more likely) tomorrow.