![](http://photos1.blogger.com/blogger/3426/1040/400/012406%20s%26p.jpg)
Here is an updated hourly chart showing pit trading in the March S&P futures.
I still think the market will drop to 1262 or so before starting a move to 1320. However, a close visibly above 1275 resistance today would convince me that the move has already started.
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