Real Time e-mini S&P Trading, plus contrarian commentary on all the markets, all the time
Wednesday, November 02, 2005
Here is an updated hourly chart of the December S&P futures.
The lower top at 1210.50 after the Fed interest rate increase yesterday afternoon led me to conclude that the market would make a lower low at 1195. This morning you can see that the market is instead breaking out above that 1210.50 top. Since I am very bullish I must conclude that we are on the way to 1223 and eventually much higher than that.