Wednesday, November 15, 2006

S&P


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

So far today the S&P's have reached 1401.50, just shy of the 1402-04 resistance zone. I think the market will be supported in the area between yesterday's early day session high at 1392.75 and the October 26 high at 1395.25. I still think that the market will reach the 1410-20 zone by the end of the month.

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