Tuesday, November 28, 2006

S&P Update


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

I still think the S&P's will make it to 1391 or a bit higher before the market drops below 1380 again. The rally from this morning's low looks like it has completed two of three waves and the third and final wave upwards to 1391 appears to have started.

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