Friday, November 10, 2006

S&P


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

The market has rallied a bit this morning from support near 1381. The last significant rally carried the market up 4.50 points so if this rally is the same size it would end at 1385.75. I think this latter level is resistance and that the market will soon dip to 1379 before it begins a significant upswing.

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