Monday, September 25, 2006

S&P Update

Here is an hourly chart of the December S&P e-mini futures. I discussed this market earlier today.

The S&P's have accelerated above resistance at the 1330 level. This tells me that the correction from 1340 is already complete and that 1315 will not be reached. I expect the S&P's to soon be trading at 1350.

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