Real Time e-mini S&P Trading, plus contrarian commentary on all the markets, all the time
Monday, August 28, 2006
S&P
Here is an hourly chart of the September S&P e-mini futures. I last discussed this chart here.
I had expected the market to break below the lows of the last two days and continue to 1287. Instead, this mornign the market staged a decisive upside breakout from the same range. Support is now at 1299 and as long as this level holds I shall think that the market is now headed up into the 1309-12 zone. From there a break of 20-25 points is likely the move to new bull market highs resumes.
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