Real Time e-mini S&P Trading, plus contrarian commentary on all the markets, all the time
Thursday, September 15, 2005
I thought that 1235 would be support in the December futures today. But as the hourly chart above this post shows, the market has traded below that level for most of the day. I conclude that lower prices are ahead and that a drop to the bottom of the current box near 1224 is underway.
Once the market reaches the bottom of the current box I expect it to rally to 1268.