Wednesday, August 10, 2005


Here is an updated hourly chart of the September S&P futures. It shows all the pit and overnight activity for the past three weeks as well as the boxes for the uptrend that began from the April 2005 pit low at 1136.80.

Monday the market again bounced off the bottom of its current box and I think it is now headed for the top of its box at 1268.

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