Real Time e-mini S&P Trading, plus contrarian commentary on all the markets, all the time
Wednesday, August 30, 2006
Here is an hourly chart of the September S&P e-mini futures. I last commented on this market here.
I think the market will soon hit the 1315 level. A reaction will probably begin next week. I expect it to be a little smaller than the early August break which was about 35 points. My best guess is that the market will drop from 1315 to 1291 or so. After the correction I expect a renewed rally which will continue to new bull market highs above the 1330 level.