Monday, September 18, 2006


Here is an hourly chart of the December S&P e-mini futures. I last commented on this market Friday.

As you can see the S&P's have been trading between 1337 and 1329 for two days now. I wouldn't be surprised to see the market take a brief peek below 1329 by dropping to 1327 or so. But my best guess is that the next 10 points from here (1332) will be up, not down.

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