Tuesday, September 19, 2006


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

In this morning's guesstimate I said that the early morning low at 1327.50 probably ended the drop from the 1336.75 high of September 15. But instead the market has made new reaction lows. I think the drop will find support near the 1323 level and then a rally into the 1340-42 zone will begin.

1 comment:

Anonymous said...

The price did as I had said. I am agree with you about the higher prices but not as soon as you think. In my opinion the dip will happen Friday. In fact the direction till Friday is down and there is no new high for this week.