Monday, July 11, 2005

S&P Boxes


Here is an updated hourly chart of the September S&P futures showing the short term price boxes which are 43.70 points high. I think the market is about to break out above its March high at 1229.80. It should hestitate briefly near the 1/4 point of the next box (1135) and then move up to the 1/2 point at 1246.

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