Tuesday, February 07, 2006

S&P


Here is an updated hourly chart showing pit trading in the March S&P futures.

I think the market will hold above its December 30 low of 1251.50. My best guess is that 1255 or so will prove to be support. The next important swing from here will be upward to 1320.

1 comment:

internet said...

do you think that January's action = blowoff top or is the blowoff top still to come around March?

thanks.