Monday, March 20, 2006

S&P


Here is a 15 minute interval line chart for the June S&P e-mini futures.

The break from this mornings high has occurred on increasing and relatively high volume. From this I conclude that the market is headed at least for 1309 and possibly to 1303. Once this drop is complete I think a rally to 1325-28 and higher will be the next development.

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